Compounding: Benefits of Compound Interest - mymoneykarma скачать в хорошем качестве

Compounding: Benefits of Compound Interest - mymoneykarma

#compoundinterest #investment #interestrates #investor #FinancialFuture #financialplanning #financialadvisor #mymoneykarma Learn more at: https://www.mymoneykarma.com/investin... mymoneykarma Learning Center: https://www.mymoneykarma.com/learning... Get your Free Credit Score: https://www.mymoneykarma.com/credit-s... What is mymoneykarma? www.mymoneykarma.com is your one-stop intelligent finance assistant, where you can get anything from your Credit Score to a Loan - within minutes! We strive to empower customers and help them find financial services and products that best fit their needs through financial education, analytics-based recommendations and technology. Apply for a Home Loan @ https://www.mymoneykarma.com/home-loa... Apply for a Personal Loan @ https://www.mymoneykarma.com/personal... ______________________________________________________ Subscribe to the Channel! Further, get to know and Follow us: Facebook   / mymoneykarma   Linkedin   / mymoneykarma   Instagram   / mymoneykarma   Twitter   / mymoneykarma   ______________________________________________________ Compound interest is the 8th wonder of the world. He who understands it, earns it. He who doesn't, pays it. - Albert Einstein What’s so great about compounding, that even the greatest minds praise it? Compounding means getting an increase on the value of your investment… ...due to interest earned as well as on the accumulated interest. Compound interest actually means earning interest on interest. What happens is this: each time you get interest on the principal amount… ...this interest is added back to the original existing amount. This goes on and on, and thus, you keep on earning more every time. Consider a snowball rolling down a mountain. At first, it’s nothing to worry about. But as it rolls down, it accumulates additional snow and ice, getting bigger. It gets bigger and bigger the more it rolls down. Compound interest is like that. 3 ways to get the most out of Compound Interest There are three rules that can help use compounding to your best advantage: Understand compound interest smartly Longer is better Keep track of your interest rates Besides all these rules, an investor should also be disciplined and have patience. At the end of the day, it all comes down to how well you apply all your knowledge. We hope you build a great financial future with the benefit of compound interest!