Some have called compound interest the unofficial 8th wonder of the world. It is definitely a wonder when it is applied to your financial life. The best part about compound interest is that it allows for exponential growth of a portfolio. The concept is simple. When you earn interest/dividends/capital gains, you reinvest them into your portfolio instead of withdrawing the funds. The video shows just how powerful compound interest can be in increasing your wealth over time.
Budget Smart, Invest Wise