Einstein allegedly called compound interest the eighth wonder of the world. Benjamin Franklin defined it more poetically: “Money makes money. And the money that money makes, makes money.” Here’s ...
It seems everywhere you look online, experts are talking about the magic of compound interest and how it can make you wealthy over time. But if you have no clue what that even means, it’s basically ...
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The magic of compound interest: How to explain it to children
When it comes to teaching kids about money, one of the most powerful concepts to introduce is compound interest. Simply put, compound interest is the process where the interest earned on an amount of ...
While saving money is never a bad idea, investing allows you to earn not only interest on your savings, but compound interest. “Compound interest works by earning interest on the interest already ...
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