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Home > NZ Guide to Financial Freedom > Quick Fire Finance - Why Is Compounding Interest So Good?
Podcast: NZ Guide to Financial Freedom
Episode:

Quick Fire Finance - Why Is Compounding Interest So Good?

Category: Business
Duration: 00:07:12
Publish Date: 2020-11-26 13:00:00
Description:

Quick Fire Of The Day:


"I understand that the $521 annual government contribution is worth it. But if that’s the maximum from the government for self-employed, how could they end up with $150,000 from their $100,000 of contributions?

Wouldn’t it take almost 100 years contributing to get that $50,000 from the government at $521 a year. And who’s going to work for that long? Or am I missing something here? Can you please explain?"


Source: NZ Herald 12 September 2020


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