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compund interest

by Jadrian

Athletes are notoriously bad at saving money and making smart financial decisions after coming into their fortunes. Carl Nassib, a defensive lineman with the Cleveland Browns, discusses the power of compound interest with other rookies. His goal is to convince his teammates not to go out and spend $10,000 on a needless purchase because that means they are giving up a lot more money later in life. While 10% may be an unlikely interest rate, the power of compounding interest is one of the key principles in financial literacy programs.

Hard Knocks

Carl Nassib describes compound interest

from Hard Knocks: Training Camp w/ the Cleveland Browns (2018)
Creator: Marty Callner
Distributor: YouTube
Posted by Jadrian