???? Compound Interest | The most powerful force in the universe
In this episode I talk about Compounding Interest. Be warned there is some math involved. Here is a link to the governments compounding website: https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator (https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator) Compounding is the process of growing. The snowball effect is the perfect illustration for how your investments grow over time. When momentum kicks in they start to grow at a much quicker rate.
