Compound Interest

The Benefit Of Starting Now

The Benefit Of Starting Now

Getting started with investing doesn't cost much, but a late start to building wealth can cost you a lot. Interest is your friend. When people say, "Make your money work for you" many times they are talking about letting interest grow on your initial investment. To demonstrate, if you earned 5% interest every year on a starting amount of $100 you would end the year with $105. Not a bad deal. But what if the deal got better with time?