Have you heard of the adjective quomodocunquizing? It’s a rarely used English word that means “making money in any way that you can”. And yes, it really means any way of making money, legal or otherwise. Well, here at MoneySmart, we definitely prefer the legal way, and one of the most powerful ways we know is compound interest.
Here’s an extremely simple guide that shows you how compound interest can help you make your money, make money.
Isn’t compound interest so simple? Many people think that they need to wait until they have enough money set aside to grow before they can start investing, but the truth is that it’s not a matter of quantity, but of time. The earlier you start, the better.
Do share this article with your friends who might be hesitant about investing. Remember, with some investment tools, like regular savings plans, you can start your investment journey with as little as $100 a month.