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Compound Interest Formula and Examples

Compound Interest Formula and Examples 1

One of the most powerful forces in finances is compound interest. Compound interest is interest that is paid on the principal and also on the interest that previously earned on your investment. This helps you grow your investment at an accelerated rate. On the other hand, compound interest can work against you — for instance, … Read moreCompound Interest Formula and Examples

How to Become a Millionaire by Investing $100 a Month

How to Become a Millionaire by Investing $100 a Month 6

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

Why You Should Start Investing Early

Why You Should Start Investing Early 13

I started investing early (as soon as I got out of college). BUT…if I can go back in time, I would tell my younger self to start even earlier. Why? It is the power of compounding interest…that’s why! Let’s take a look at why you should start investing right now. ‚ÄúCompound interest is the eighth … Read moreWhy You Should Start Investing Early