The Balanced Spreadsheet-Financial News, Budget Advice, Debt help, Financial Tips, and other advice

May 17, 2010

Media Monday: The Power of Compound Interest

Filed under: Uncategorized, Videos — Tags: , , — thebalancedspreadsheet @ 7:30 am

To receive other Media Monday content from The Balanced Spreadsheet please link to us via RSS

Bookmark and Share

For this Media Monday I would like to focus on the Power of Compound Interest.  The first video is a short narrative on how compound interest works while the second is a real life example with no sound.

Every time I see the example in the second video it still astonishes me.  By starting just 10 years earlier and investing for that 10 years only, you would have more money then if you had waited 10 years and invested for the next 30!  Amazing!  So if you have not started to save for future, what are you waiting for again?

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: