Compound Interest Explained in One Minute
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YouTubeOne Minute Economics
Compound Interest Explained in One Minute
A lot of savers underestimate the power of reinvesting, they don't understand just how much of a difference compound interest makes. Can you simply spend the interest on awesome products/services without reinvesting? Sure but there's a price to pay. The effects of compounding seem underwhelming if you only look at them over a cycle or two but ...
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$250 saves $99,750 and takes off 108 months or $295 would take off $110k and 120 months off your loan life. Thats a lot of months. my spreadsheet is available in my bio if you want it. #mortgagespreadsheet #savingmoney #mortgagetips #mortgagetok #mortgagecalculator
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