The Power of Compound Interest

Compound interest is literally making money while you sleep. It's interest that

grows on your original money plus all the interest you've already earned. Think of it like

a snowball rolling downhill, getting bigger and bigger. Let's say you're

20 and you start saving just 100 dollars a month for retirement. With compound interest

at 4%, by age 65 you'll have over 151,000 dollars. Your twin waits

until 50 to start, saves way more each month, but only ends up with 132,000.

That's the power of starting early. :max_bytes(150000):strip_icc():format(webp)/compoundinterest_final-5c67da5662ba458f8d9d229ab4ca4292.png) Here's the crazy part.

A 10,000 dollar loan at 10% interest becomes 15,762 dollars in just 5 years when it compounds