The magic of compound interest
Updated: Jan 5, 2021
Compound interest refers to the interest calculated on the sum of your initial principal and the accumulated interest. Simply put, it’s ‘interest on interest’.
“The best time to plant a tree was 20 years ago. The second best time is now.” Such an easy concept yet many of us postpone this and do not see the bigger picture.
Time is your ally when it comes to saving for your retirement. Here are a few ways you can save money as a youngster:
27 Best Money-Saving Tips For Young Adults