Ben Wacek, CFP® Wacek Financial Planning, LLC
About Ben Wacek, CFP®
Ben Wacek is a fee-only, Certified Financial Planner who helps his clients steward their resources in a meaningful way for an affordable price. He uses Biblical principles as he works with his clients to budget, save, and give their money in a way that matches their goals.
Ben has more than seven years of experience as a financial planner and does not have investment minimums allowing him to work with clients of any life stage and net worth. He is based in Minneapolis but utilizes technology to serve clients across the US and around the world.
Ben loves working as a financial planner because of the opportunity that he have to make a difference in peoples’ lives. If he wasn’t a financial planner he likely would have chosen to be either a pastor or a teacher for a similar opportunity to serve others. It is incredibly rewarding for Ben when he is able to help someone develop a plan that helps them to achieve their goals.
Last month, we talked about the power of compounding interest and how it can super-charge your savings. Some of you were really encouraged that even though you don’t see a lot of progress right now, you’re building for exponential growth later. Others of you felt bad when you saw how much not saving when you were young cost you. Hopefully, that motivated you to start saving for retirement a little bit more seriously.
I have a question for you. Would you rather have $100,000 cash or a single penny that doubles every day for 30 days in a row?
Think about it.
Think a little more about it.
Now, which would you choose?
If you’re like most people, you would have taken the $100,000. And you would have been wrong. Very wrong, in fact. Because you’re thinking linearly, not exponentially.
The Power Of Exponential Growth
Let me show you what I mean:
This month Wacek Financial Planning turns 5. That’s a big milestone; half of a decade. If it were a child, it would be heading off to kindergarten in the fall with my daughter. Boy, am I getting old.
Aside from feeling more mature and experienced, more than anything I feel grateful. I am incredibly grateful for the privilege of building and growing this business.