Things every young person needs to know about money - Chapter 5 – Compounding can be your friend!
“Enjoy the magic of compounding returns. Even modest investments made in one's early 20s are likely to grow to staggering amounts over the course of an investment lifetime.” John C. Bogle “The time to save for the future is now. Thanks to compounding interest, the earlier you start putting money away for the future, the more you will save.” Alexa Von Tobel The definition of “compound”: calculate (interest) on previously accumulated interest. The impact of compounding will be