Compound Interest: The 8th Wonder of the World Explained
People call compounding the eighth wonder of the world. And once you see this example you will understand why. Imagine a baby born today. If you invested just 100 dollars a month from birth until age 65 at an average return of 8 percent, that child could end up with more than 600,000 dollars. Here is the part that stops people in their tracks. You only contributed about 78,000 dollars. The rest, more than half a million dollars, came from time and compounding. That is why waiting is so expensive. It is not just the dollars you lose. It is the years. The earlier you start the harder your money works for you. And the later you start the harder you have to work for your money. So do not wait until you think you have enough. Start with what you have. Your future self is going to thank you. #FinancesConCorazon #LatinoEconomicRevolution #LatinoInvesting #LatinoWealthMindset Join our community. Link in bio.
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