I’ve been interviewing people for my podcast and every time I do this I learn something new from each and every person I speak with. But a recent conversation really had me thinking because it presented a completely new and different view on how I could help my daughter (or you could help your child) through her tertiary study once she finishes school.
When they dropped interest rates a couple of weeks back was your first thought: (A) Money is cheap, I might go get a mortgage or add to my existing mortgage? OR (B) This is an opportunity to pay down debt and reduce or clear my mortgage? My first thought was definitely B.
This week I received an email from someone who has stumbled upon the big wide world of investing and at the age of 40 has suddenly had their mind blown with the possibilities. He specifically asked about index funds and I also knew I had met a kindred spirit when he said: “compound interest is a new favourite term”.