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Compound Interest: How You Can Make Your Money Make Money

Compound Interest Infographic

Peter Lin

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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.

Compound Interest Infographic
Compound Interest Infographic
Compound Interest Infographic
Compound Interest Infographic
Compound Interest Infographic

 

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.

To find out more about starting your investment journey, do drop by our Learning Centre and follow us on Facebook.

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Peter Lin

I am the poster boy for reinventing one's self. I've been a broadcast journalist, technical writer, banking customer service officer and a Catholic friar. My life experiences have made me the most cynical idealist you'll ever meet, which is why I'm also the co-founder of a local pop culture website. I believe ignorance is not bliss, and that money is the root of all evil only if you allow it to be.