The Power of Compound Interest
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Video Transcript
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Compound interest turns your money into a money-making machine. Your savings don't
just sit there, they multiply themselves automatically. :max_bytes(150000):strip_icc():format(webp)/COMPOUNDINTERESTFINALJPEGcopy-f248781269194135aa6044e088de7af9.jpg) Save 100 dollars
monthly starting at 20, earn 151,550 dollars by 65. Wait until 50,
only get 132,147 dollars despite investing double the principal. :max_bytes(150000):strip_icc():format(webp)/compoundinterest_final-5c67da5662ba458f8d9d229ab4ca4292.png)
That dream vacation fund or car savings grows faster when interest earns interest on interest.
Even small amounts compound into serious wealth. The secret is time, not huge deposits.
Open a high yield savings account or retirement account today. Your future self
will thank you for starting early instead of waiting.
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