Compound Interest, according to conventional wisdom, possesses seemingly magical powers to build wealth. For the vast majority of us, however, the magic becomes a shattering disappointment because we simply don’t understand how wealth building really works.
Will Duffy clearly separates the fantasy from reality by laying out ten financial truths that enable us to build and protect our wealth.
“Will Duffy’s ‘10 Financial Truths’ expose the major practical flaws in the theory of compound interest. Now you can recognize these pitfalls and roadblocks and change direction. This is the first step towards receiving consistent positive returns over time. This is where true long-term financial security begins.” –from the Foreword by Ed Slott, CPA and New York Times Bestselling Author
“Fully understood and applied correctly, uninterrupted compound interest is the Eighth Wonder of the World. The best part is that you can experience uninterrupted compound interest in your life by following just a few easy steps, but very few know what those steps are. Will Duffy hits the ball out of the park with these ten enlightening truths about this foundational financial concept.” –Bryan S. Bloom, CPA and author of Confessions of a CPA – Why What I Was Taught To Be True Has Turned Out Not To Be
“Will Duffy has done a great job of helping you look at some partial truths that are in the marketplace and gain “the rest of the story” so that you can make better decisions with your own money.” Kim D. H. Butler, Founder, Prosperity Economics Movement
Don’t wait another day to regain control of your hard-earned savings.
Have you been kept in the dark about how wealth building really works? Knowledge is power. The truth will set you free. This is not a game of chance, unless you choose it to be. Take control of your financial plan today.
It's the preamble of a sales pitch that doesn't land anywhere...
It's the preamble of a sales pitch that doesn't land anywhere... Clearly he's got a product or strategy in mind, but in this book it just seems that he's trying to set the hook. There's certainly some truth to what he's saying, but it's an incomplete picture and surely contains bias.
This book is really great at breaking down the realities of investing and how the “gains” really get affected by different but very real circumstances. Unfortunately, he teases about ways to counteract these effects, but does not go into real examples or offers hints of what or where to find these solutions.
The various and largely unavoidable factors that stop compound interest from working shows us that we are often misled (by banks and otherwise) in the way we think about our investments, savings accounts, etc.
Super to-the-point, well-written, and quite persuasive. I don't agree with 100% of what I read in this book, but it was still very well worth the read and it reinforced some concepts I've been thinking about lately.