![]() ![]() In time, a few trees planted early can grow into an entire forest without much effort. The forest can grow in two ways – trees are planted by hand (like your regular investments), while others may grow on their own through seeds that fall from larger trees (like compound growth on your money). The idea of compound growth is like growing a forest of trees. Over time, you have a powerful recipe to help you grow your money. This gives you a larger total amount to earn future interest on, leading to even more growth. You earn interest on the money you put in at the start, as well as the money you add later, plus on all the interest that collects over time. With compound interest you’re earning interest on interest. So, how does it work?Ĭompound growth is similar to compound interest. ![]() Compounding can help your money grow, in most cases, far beyond the amount you originally invested. That’s because when you start saving early, your money has more time to grow and benefit from compound growth. Saving money can be a challenge, but starting early can help.ĭid you know that with a regular savings plan in place, and an early start, you could be much further ahead when it’s time to consider retirement? Saving earlier can help give you the power of compound interest on your savings ![]()
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