Compound Interest Investing: Turning $1k into $10k

How compound interest investing works - if you invest $1000 over 30 years at 8%, your $1000 will become $10,000 easily. In this video I show you how, and the power of compound interest investing and earning interest on your interest.

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Investing your money as early as possible is so important when it comes to becoming rich. By using compound interest, you can invest and watch the magic of finance do it's work! Compound interest best takes place when you have a long time horizon to allow your money to grow at a compounded rate, and this is what people are referring to when they refer to "make money on your money". In this case, your money is earning money for YOU, while YOU sleep.

The more time you give your investments, the more you are able to accelerate the income potential of your original investment, which takes the pressure off of you.

This is NOT a get rich quick scheme, too many people online are trying to convince the younger generation and my generation that it's easy to make money fast. I have not experienced this in my life ever.

What I personally love to invest in are index funds (S&P500 index fund VTI, VEU, BNDW). That's what I personally do, and that's just my opinion.

Thanks for subscribing to me, I am so happy to have 14k+ of you guys here. I will do something special and film it if we can get to 20k by next week!

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My name is Humphrey Yang, I make personal finance videos on YouTube, and TikTok where I have 510k+ followers! Make sure to sub to me on YouTube for two videos a week.

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Disclaimer: I am not a financial advisor, any investment commentary are my opinions only. Some of the products and services that appear on this channel are from companies that we have an affiliate relationship with, such as Robinhood, for which we may receive compensation when you click on links through the description.

Видео Compound Interest Investing: Turning $1k into $10k канала Humphrey Yang