Compound Interest: Start Early, Grow More

Compound interest is literally interest earning interest, and it's the secret weapon for building

wealth faster than you think. When you save money, you earn interest on your original

amount plus all the interest you've already earned. Say you're saving for that dream car.

If you start putting away $100 monthly at age 20 with a 4% return, by 65 you'll have

$151,550. Your twin waits until 50, saves way more each month,

but only ends up with $132,147. The earlier you start, the less you actually

need to invest because time does the heavy lifting. Even small amounts grow exponentially

when compounding works its magic over decades. Start today, even with tiny amounts,