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How to Become a Millionaire by Investing $100 a Month

How to Become a Millionaire by Investing $100 a Month 1

There are many ways you can reach the milestone of becoming a millionaire, and one of the simplest way is to start investing early. Statistically, a 20 years old person could accumulate $1 million by the time they turn 65 simply by investing $100 a month. If you don’t have the money right now, here … Read moreHow to Become a Millionaire by Investing $100 a Month

The Amazing Power of Compound Interest

The Amazing Power of Compound Interest 9

One of the most constructive, and destructive, forces in finances is the power of compound interest. Compound interest is interest that is not only paid on the principal, but also on the interest that previously accrued on your investment. On the other hand, compound interest can work against you — for instance, as finance charges … Read moreThe Amazing Power of Compound Interest