Saturday School: Learn How Compound Interest Works

Money Growing in Soil
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.

How to find cheaper car insurance in minutes

Getting a better deal on car insurance doesn't have to be hard. You can have The Zebra, an insurance comparison site compare quotes in just a few minutes and find you the best rates. Consumers save an average of $368 per year, according to the site, so if you're ready to secure your new rate, get started now.

Read Next
Brace to Pay More for These 26 Prescriptions in 2020
Brace to Pay More for These 26 Prescriptions in 2020

More than 600 drugs — including these commonly prescribed meds — have seen price hikes so far this year.

70% of Older Adults Botch This Basic Retirement Question
70% of Older Adults Botch This Basic Retirement Question

Can you answer this fundamental retirement income question?

How to Get Rid of 6 Hard-to-Sell Things
How to Get Rid of 6 Hard-to-Sell Things

Find out where to sell, donate or recycle items — and feel good about it.

View this page without ads

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

Get Started

Comments

Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.

Trending Stories