The Power of Compound Interest
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Video Transcript
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Compound interest is literally free money making more money while you sleep.
Your savings earn interest, then that interest earns interest, and it just keeps
multiplying. Think about it like this: you save one hundred dollars a month starting
at twenty. With four percent interest compounded monthly, you'll have over
one hundred fifty thousand dollars by sixty five. Your twin starts at fifty,
saves way more, but only gets one hundred thirty two thousand because they missed the
compounding magic. :max_bytes(150000):strip_icc():format(webp)/compoundinterest_final-5c67da5662ba458f8d9d229ab4ca4292.png) The secret is time. Even small amounts grow exponentially
when interest compounds daily or monthly instead of yearly. That dream car or vacation fund grows
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