In this episode of Saturday Morning Muse, Andy explores the concept of compound interest, its historical significance, and practical applications for building wealth. 

He explains the mathematics behind compound interest, introduces the Rule of 72 for estimating investment growth, and illustrates the impact of small daily expenses on long-term wealth accumulation through the 'latte effect.' Andy emphasizes the importance of time and consistency in investing, particularly for young investors, and warns about the dangers of high-interest debt.

Today, we’re going to continue our exploration of financial literacy with a fairly straightforward conversation about our consumption habits and how they can, over time, derail our ability to save for the future and establish the financial security that so many of us desire…

Speaking of habits, the monthly review of your financial records should be a habit you adopt and never break. Yes, this habit should be reviewed periodically with an eye toward making the review more efficient, but it should be something you do every month for the rest of your life.