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Part III – Compound Interest and Consumer Debt

By The Banker | Blog Posts, Inequality, Personal Finance, Uncategorized, Wall Street

Part III – Compound interest and Consumer Debt Please see earlier posts Part I – Why don’t they teach this in school  And Part II – Compound interest and Wealth So in the last post I wrote about the the incredible power of compound interest, and the possibility it suggests about wealth creation over time.

Tags: compound interest, credit cards, discounted cash flows, financial infotainment industrial complex, high rolling hawaiian vacations, useful math
Posted in Blog Posts, Inequality, Personal Finance, Uncategorized, Wall Street | 8 Comments »

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  I founded Bankers Anonymous because, as a recovering banker, I believe that the gap between the financial world as I know it and the public discourse about finance is more than just a problem for a family trying to balance their checkbook, or politicians trying to score points over next year’s budget – it is a weakness of our civil society. For reals. It’s also really fun for me.

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