What is compound interest? (in a nutshell) Compound interest is often referred to as the “eighth wonder of the world,” and for good reason. It’s the concept of earning interest on both your initial investment (principal) and the accumulated interest over time. This means your ...
How to double your money with the power of compound interest? Compound interest can turn small investments into a significant amount over time. Essentially, it’s the interest you earn on interest. This allows your money to grow exponentially so that you can hit financial goals faster. ...