Every day people are trying to save money only to end up with not enough or no savings at all. Many of us never understood how money works and therefore we( including me too) struggle to amass a lot of money.
A great way for us to save and accumulate wealth is by the compounding effect. What is compounding interest?
A great way for us to save and accumulate wealth is by the compounding effect. What is compounding interest?
Compound interest is interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan. ( According to Investopedia )
What is the concept of Compound interest?
The concept of compound interest is the addition of interest to the principal sum of a loan or deposit, in other words, interest on interest. it is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest. ( According to Wikipedia)
Understanding how money works and how to find investment vehicles that increase your earning potential is crucial to maximizing your money. I have spent many hours analyzing various companies that afford everyday people like you and me to start investing with a little capital. These companies that I have joined and invested in are real companies and have a proven track record to increase your capital or your deposit. I encourage you too to do your due diligence. and research these companies for yourself. I did my homework and I am very satisfied with my results. Every day, I am studying and learning more about the compound effect and how it works with software trading technology. I am just sorry that I did not fully understand money until recently.
What is the concept of Compound interest?
The concept of compound interest is the addition of interest to the principal sum of a loan or deposit, in other words, interest on interest. it is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest. ( According to Wikipedia)
Understanding how money works and how to find investment vehicles that increase your earning potential is crucial to maximizing your money. I have spent many hours analyzing various companies that afford everyday people like you and me to start investing with a little capital. These companies that I have joined and invested in are real companies and have a proven track record to increase your capital or your deposit. I encourage you too to do your due diligence. and research these companies for yourself. I did my homework and I am very satisfied with my results. Every day, I am studying and learning more about the compound effect and how it works with software trading technology. I am just sorry that I did not fully understand money until recently.
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