Compound Interest: Time Makes Money

Compound interest is literally money making money while you sleep. Picture this: you

save 100 dollars monthly starting at age 20 with a 4% return. By 65,

you have 151,550 dollars. Your twin waits until 50, saves 500 monthly

for 15 years, and only gets 132,147 dollars despite investing nearly double your total.

Time is your secret weapon. :max_bytes(150000):strip_icc():format(webp)/COMPOUNDINTERESTFINALJPEGcopy-f248781269194135aa6044e088de7af9.jpg) Let's talk real goals.

You want that 10,000 dollar car in three years. Dump 8,000 dollars into a savings account

with 5% interest compounding monthly. In 36 months, you've got 9,273 dollars without

lifting a finger. The interest earned its own interest, stacking up like a money snowball