{"href":"http://player.captivate.fm/services/oembed?url=http%3A%2F%2Fplayer.captivate.fm%2Fepisode%2F6f70156d-5a16-4276-8fa3-baaee612ffe6","version":"1.0","provider_name":"Captivate.FM","provider_url":"https://www.captivate.fm","width":600,"height":200,"type":"rich","html":"<iframe style=\"width: 100%; height: 200px;\" title=\"Take Advantage of Compounding Interest Like This\" frameborder=\"0\" scrolling=\"no\" allow=\"clipboard-write\" seamless src=\"http://player.captivate.fm/episode/6f70156d-5a16-4276-8fa3-baaee612ffe6\"></iframe>","title":"Take Advantage of Compounding Interest Like This","description":"Compounding interest is incredible!\r\n\r\nAre you taking advantage of it?\r\n\r\nWe\u2019re diving into the details of this concept and teaching on a better option (one that takes advantage of compounding interest) in today\u2019s show.\r\n\r\nWould you argue that paying cash for a car is better than taking out a car loan at 2.5%?\r\n\r\nOf, course you would! It makes sense. Plain and simple. No ifs, ands or buts about it.\r\n\r\nHowever, if you are a loyal Without Wall Street follower you know we are going to challenge the conventional wisdom behind this idea.\r\n\r\nWhile cash is still king, it is most definitely not the most efficient route to take when making large purchases.\r\n\r\nHow? Why?\r\n\r\nPut plain and simple- opportunity cost.\r\n\r\nOpportunity cost the dollars your (spent) dollars could have earned you. It is what you lost out on by spending cash.\r\n\r\nYou see when you put a $1 into the vending machine that dollar will never work for you again. It\u2019s gone. Dead.\r\n\r\n$1 may only earn you $2 over your lifetime, though, so that isn\u2019t too big of a deal.\r\n\r\nIn today's show, we put this concept into perspective by utilizing a larger ticket item like a car.","thumbnail_width":300,"thumbnail_height":300,"thumbnail_url":"https://artwork.captivate.fm/a750c390-803b-46f4-b7c4-3e2ca5f6cadb/wealth-without-wall-street-podcast-artwork-2000.jpg"}