When you invest, you take advantage of one of the most powerful tools in money–compound interest. In today’s vlog (featuring my vlog upgrade!), I explain how you can make compound interest work for you.
I would like to know where/how to make 10% interest? Haven’t been able to do it…Love your blog!
i would LOVE to know what all this compound interest is too… and where i can find it!
Here is a great article explaining it! http://www.daveramsey.com/article/how-teens-can-become-millionaires/lifeandmoney_kidsandmoney/
It’s pretty easy and common to do with a personalized plan. I recommend using the Endorsed Local Providers vetted through my company! They are VERY knowledgeable, have a heart of a teacher and are excellent at what they do! https://www.daveramsey.com/elp/investing/
Great! I wish I had “got” this years ago, when my great uncle tried to explain it to me. Better late than never (I’m 46):-) Thank you-
what assumptions did you make regarding the interests in your calculations?
Great vlog Rachel! I will always remember the example your Dad teaches. I think it’s the best example I’ve come across. Reminds us how powerful the early investing years truly are. http://www.daveramsey.com/article/how-teens-can-become-millionaires/lifeandmoney_kidsandmoney/
Love this new look for the vlogs!! Good cameras (and crews) are so worth it! 🙂