Saturday, September 12, 2009
The Magic of Compounding
When you save, you get interest.
When you take the interest out and
spend it, it stops growing.
But if you leave the interest in so it
can grow you start to earn interest
on the interest you earned.
Interest on interest is money you
didn’t work for – your money made
it for you!
When you take the interest out and
spend it, it stops growing.
But if you leave the interest in so it
can grow you start to earn interest
on the interest you earned.
Interest on interest is money you
didn’t work for – your money made
it for you!
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