The Wonder of Compounding
Howard and Steve discuss the power of compound interest on your investments. Next, they answer questions at 800-525-7000 and MoneyWise@Compass1.org:
- "I am working on a contracted self-employed basis. I've been saving 20% for taxes. Is that enough?"
- "We could pay off our mortgage soon, but would that affect eligibility for long-term care?"
Be sure to check out the Compass website for a complete listing of helpful resources and radio archives.
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Featured Resources From MoneyWise
Don't be ruled by external financial pressures and circumstances. Our security is not found in money or possessions. A strong foundation for true financial success usually involves a change in perspective rather than in income. Biblical counselor Jim Newheiser's reflection questions and practical exercises, paired with Scripture's wisdom on financial and work-related topics, point you toward fiscal responsibility on earth and treasure in heaven. In this 31-Day Devotional, biblical counselors and Bible teachers guide you through Scripture passages that speak to specific situations and struggles, inspiring you to apply God's Word to your life in practical ways day after day. Request your copy with your gift of any amount to MoneyWise. Your generous donation helps expand our outreach to share God’s financial principles with others.