Understanding the Power of Compounding Interest
Money Growth vs Compound Interest Rates:
As shown in the Table and Graph above, the Power of Compound Interest to increase your Money is maximized if the interests on interests are made to accumulate over the Long Term.
Helpful Advice:
-> Instead of You Paying Interest (thru Loans/Debts), Let the Power of Compound Interest Work and Generate Earnings for You thru Investments.
-> To maximize earnings from Compound Interest, start Saving/Investing as early as possible.
Reality:
More people know and experience the Power of Compound Interest thru Loans/Debts than thru Savings & Investments.
Video:
Well known personal finance author and speaker Dave Ramsey explaining the Power of Compound Interest.
Video:
Well known personal finance author and speaker Dave Ramsey explaining the Power of Compound Interest.
