The Power of Compound Interest

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Compound interest is the 8th wonder of the world. He who understands it, earns it. He who doesn't, pays it. And according to Albert Einstein it is the most powerful force in the universe.

But what is compound interest? How does it work? If the power of compound interest is really a thing, then why don't I have more money in my bank account? What's the miracle of compound interest ever done for me?

Wow... that's a lot of questions. Compound interest is a financial concept that illustrates the time value of money. It basically shows what happens when you're money starts making you money as the interest gets compounded on the principal investment. As for the rest of your questions, I refer you to the third sentence of this description.

In today's video I talk about the miracle of compound interest and what it can do for you!

Link to Savings Rate Video: https://youtu.be/vE_H6wZewNs

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Please watch: "The Budget That Pays You First | Reverse Budget Explained | Budgeting For Beginners"
https://www.youtube.com/watch?v=6RmnUXnBc_g
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Видео The Power of Compound Interest канала Next Level Life