“Getting Rich Slow”: Your Guide To Compound Interest With Alec Quaid (Ep.16)
The saying “time is money” is very applicable to the concept of compound interest.
What is it and how does this interest accumulate?
Ryan Poterack and Alec Quaid discuss the power of compound interest and the necessity of patience for effective wealth accumulation–also known as “how to get rich slow.”
They go over strategies for managing emotional responses to market volatility and underscore the importance of clear communication with clients. The episode also covers the challenges faced during the pandemic and the value of instilling financial discipline in children.
Ryan & Alec discuss:
- How compound interest works
- Navigating market fluctuations when compounding your money
- The value of time and patience throughout this process
- The benefits of behavioral coaching from a financial advisor
- And more
Resources:
- “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack
Connect with Ryan Poterack:
Connect with Poterack Capital Advisory:
Connect with Alec Quaid, CFP®
About our Guest:
Alec is a Certified Financial Planner™ Professional who is dedicated to serving people through the platform of financial planning. He takes great pride in helping people accomplish their goals and enjoys helping his clients gain confidence in their financial futures. He is very passionate about educating consumers on the key things to look for in an advisor and also the things that should be cause for concern. Alec has been featured in multiple national publications such as the Wall Street Journal, Forbes, InvestmentNews, and MarketWatch. He serves with multiple organizations including at his local church, Board Member with the Colorado Financial Planning Association, Committee Chair at the Aurora Chamber of Commerce, and as a member and speaker with the nonprofit RoadMap for Aging.
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