Saturday School: Learn How Compound Interest Works

Saturday School: Learn How Compound Interest Works
Photo by maxsattana / Shutterstock.com

Compound interest can make you rich. If you’ve read even a little bit about personal finance, you’ve probably heard at least one person sing the praises of this concept, which appears to create money out of thin air. But do you really understand what is behind this little money miracle?

Watch this Khan Academy video, and you’ll learn the basics of compound interest and why it is such a powerful force in building wealth.

Have you used compound interest to build a mountain of wealth? Share your story — and your tips — by commenting below or on our Facebook page.

Popular Articles

5 Reasons You Should Not Delay Retirement
5 Reasons You Should Not Delay Retirement

Waiting until age 70 to retire isn’t for everyone. Could you be waiting too long to quit the 9-to-5 grind?

Don’t Want to Owe Taxes After You Die? Avoid These 17 States
Don’t Want to Owe Taxes After You Die? Avoid These 17 States

In one state, the tax man is especially tough on the estates of those who shake off this mortal coil.

My Secret to Cleaning a Dirty Microwave in Less Than 30 Seconds
My Secret to Cleaning a Dirty Microwave in Less Than 30 Seconds

The secret isn’t fancy or expensive. It’s not elbow grease, either.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Comments