Making Money Minute - August 14, 2026
from Making Money Minute with Ron Hiebert Hosted by Ron Hiebert
Making Money Minute with Ron Hiebert - Time & Compounding Compounding has been described as the 8th wonder of the world. Yet few people understand the power of compounding, and how using it, can turn a little bit of regular savings into a whole lot over time. Take for example a baby who starts investing from birth. Imagine this kid putting a little bit every day into an investment growing 10% annually, until the age of 65. How much do you think he or she would have to save daily to reach $1,000,000? $5? $10? The answer is 54 cents a day or only $16.20 a month. The key to wealth building is time and compounding. It really pays to start early. For more information listen to our Making Money podcast with Ron Hiebert and Graham Hicks at letsmakemoney.ca or CFCW.com.
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