The power of compound interest works for you or against you.

Compound interest works For you Or Against you the power of compound interest is something that you probably Learned back in high school college but you briefly just brush it by cause you didn't think it was very important well it's very very important and here's the reason why let's say I were to hypothetically give someone 500 bucks for them to actually invested into a Roth IRA and let's say account it has returned roughly 12% hypothetically now by then putting 500 bucks into that account and about 35 years that money is gonna be roughly at $32,000 give or take could be less of the market fluctuates now let's say the same person were to do 100 bucks a month plus their initial investment 500 bucks now they would have roughly about $682,000 by the time they get to the annual 35 years and the reason why they can actually have that much money by animals 3 5 years is because they have the effect of compound interest cause you're starting early at early price and eventually when you get to retirement 3 5 years it's gonna be a higher price compared to the past so overall that is how compound interest works it works towards your favor and also against you if you do not start early investing early early on so overall I hope you guys Learned something to your today and if you Learned something feel free to share it comment and follow me