The Explosive Power of Compound Interest

(A much neglected life changing concept and wealth building tool.)

No one ought to be allowed to graduate from college or high school without understanding this concept.
- Dave Ramsey, Personal Finance Expert, Best Selling Author and Speaker.

The concept of percent and interest is taught in basic Filipino high school mathematics. But it is unfortunate that the application of this concept in everyday money management activities is not well emphasized in the high school lessons such that the "power of compound interest" sounds like an alien phrase to most graduates of high schools and even colleges in the Philippines.

And yet this simple concept about the power of compound interest can potentially improve the financial and everyday life of the hardworking Filipino income earner.

One important warning though about compound interest is that it can work for you or against you.
--> It can work for you to increase your income (thru INVESTMENTs) or it can work against you to add to your expenses (thru LOANs and CREDIT CARD DEBTs).

Which do you prefer? Which of the two options will allow you to attain Financial Independence and escape the Rat Race?
--> (Clue: Let Others Pay You interest thru your INVESTMENTs instead of You Paying Interests thru your LOANs/DEBTs).

Enjoy watching this video by Dave Ramsey on the Power of Compound Interest: