Compound Interest: Start Early, Grow More
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# Compound Interest: Your Money's Secret Superpower Compound interest is literally free
money making more free money. Your savings earn interest, then that interest
earns interest, creating a snowball effect that accelerates your wealth faster than you'd think
possible. :max_bytes(150000):strip_icc():format(webp)/COMPOUNDINTERESTFINALJPEGcopy-f248781269194135aa6044e088de7af9.jpg) Here's the real difference. Say you're 20 and
start saving just 100 bucks monthly for that dream car or vacation fund. With 4 percent compound
interest over 40 years, you'll have 151,550 dollars. Your actual deposits?
Only 54,100 dollars. :max_bytes(150000):strip_icc():format(webp)/compoundinterest_final-5c67da5662ba458f8d9d229ab4ca4292.png) Now imagine waiting until 50 to start. Even investing 500
monthly with the same return only gets you 132,147 by 65, despite putting
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