Compound Interest Explained in One Minute
A lot of savers underestimate the power of reinvesting, they don't understand just how much of a difference compound interest makes.
Can you simply spend the interest on awesome products/services without reinvesting? Sure but there's a price to pay. The effects of compounding seem underwhelming if you only look at them over a cycle or two but in the long run, the difference between the portfolio of someone who leverages the power of compound interest and someone who doesn't is huge.
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