Compound Interest: The Eight Wonder of the World

Meet Mike Troxell, DMSB‘10, Principal and Founder of Modern Financial Planning. After working in finance and wealth management, Mike opened a financial planning business in 2018 that serves millennials and Gen X in the tech industry. He completed two co-ops throughout his time at Northeastern, including one at Merrill Lynch on Wall Street during the peak of the 2008 financial crisis. Mike talks about the impression Merrill Lynch’s then-CEO made on him while on co-op and how that impression has stuck with him today. His work has garnered a lot of attention from the industry, including being named a Top 100 Financial Advisor of 2022 by Investopedia. Listen as Mike discusses the importance of compound interest, diversifying your portfolio, and establishing cash reserves.