Take advantage of compound interest from "summary" of Investing Simplified by Chuck Price
One powerful concept that every investor should understand is compound interest. Compound interest is the idea that you earn interest on your initial investment, as well as on the interest that has already been earned. This means that your money can grow exponentially over time, as the interest compounds. The key to taking advantage of compound interest is to start investing as early as possible. The more time your money has to compound, the greater the impact it will have on your overall investment returns. By starting early, you give your money the opportunity to grow over time, resulting in a larger nest egg fo...
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