The Ascent with Crestmont Private Wealth - Compound

In this episode of "The Ascent," Sam McGee from Crestmont Private Wealth dives deep into the concept of compounding—both in finance and in life. Sam explains the formula for compound interest, why consistency and time matter more than just the rate of return, and how these principles apply to everything from investing to personal habits like working out or maintaining your car. He shares practical advice on making regular contributions, the importance of discipline, and why starting early can make a huge difference. Whether you're new to investing or looking to reinforce good habits, this episode offers valuable insights for building a brighter financial future. 00:00 – Introduction: Meet Sam McGee and the focus on compounding 00:30 – Why compounding matters for all ages 00:52 – The formula for compound interest: What it is and why it’s simple 01:24 – Components of compounding: Time, rate, frequency, and principle 01:54 – Compounding in life: Gym analogy and the power of consistency 02:38 – Negative compounding: Bad habits and their effects 03:22 – Consistency in daily habits: Car maintenance and dental care 04:28 – Back to compound interest: Breaking down the formula 05:01 – The importance of time and consistency over rate of return 05:55 – Real-life examples: Clients who built wealth through discipline 06:35 – The value of regular contributions vs. lump sums 07:29 – Making financial choices: Spend, save, give, and invest 09:13 – The power of compounding over long time horizons 10:04 – The risks of market timing and the value of staying invested 12:29 – Final thoughts: Applying compounding to fitness and life 12:47 – Thank yous and closing remarks 12:50 – Wishing everyone a prosperous new year Original Air Date: January 3, 2026 at 8:30am as heard on Boerne Radio 103.9FM Contact:  www.crestmontpw.com  Alec Walker in Houston:  831-280-5288  Sam McGee in Boerne: 830-368-2898  See omnystudio.com/listener for privacy information.