The Power of Compound Interest
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Compound interest is literally free money making more free money. Your savings don't
just sit there, they multiply because you earn interest on your interest. :max_bytes(150000):strip_icc():format(webp)/COMPOUNDINTERESTFINALJPEGcopy-f248781269194135aa6044e088de7af9.jpg)
Picture saving 100 dollars monthly at age 20 with 4 percent returns. By 65,
you have 151,550 dollars from just 54,100 invested. :max_bytes(150000):strip_icc():format(webp)/compoundinterest_final-5c67da5662ba458f8d9d229ab4ca4292.png) Wait until 50 to
start? You need 500 monthly to get 132,147. Same effort, way less money.
Time is literally your biggest asset when you're young. Stop waiting, start saving today,
even if it's just 20 bucks.
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