The Power of Compound Interest

Compound interest is literally interest earning interest, and it's the reason why starting to

save in your twenties can make you way richer than starting in your forties. :max_bytes(150000):strip_icc():format(webp)/COMPOUNDINTERESTFINALJPEGcopy-f248781269194135aa6044e088de7af9.jpg)

Here's the wild part. If you start saving just 100 dollars monthly at age twenty

with a four percent return, you'll have over 151,000 dollars by sixty five.

Your actual investment is only 54,100 dollars. :max_bytes(150000):strip_icc():format(webp)/compoundinterest_final-5c67da5662ba458f8d9d229ab4ca4292.png) But wait ten years and start at thirty,

putting away the same amount, you'll end up with almost 50,000 dollars less.

The money literally grows faster because your interest starts making its own interest. Think of it like

planting a money tree that drops seeds for new trees. Your savings account, retirement fund,