Compound Interest: The Gen Z Wealth Hack
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Want a dream vacation to Bali without working extra hours? Here is the
secret. It is called Compound Interest. Einstein called it the eighth wonder
of the world. Basically, you earn interest on your money and on the
interest you already earned. Think of it as a snowball effect.
Small savings today become huge gains tomorrow. Check this graph. The curve rockets
up because your interest starts working for you. Compounding frequency matters. Daily compounding grows
your wealth much faster than once a year. Saving for a car?
Starting early makes that monthly goal much easier to reach. If you start
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