☝️The Power of Compound Interest in Growing Your Savings
👉Compound interest is when your money earns interest, and that interest earns even more interest. It’s a snowball effect that grows stronger over time. The earlier you start, the more your money has the chance to grow exponentially.
😎For example, if you invest $100 at a 5% interest rate, you’ll have $105 after one year. But in 5 years, that same $100 will grow to about $127, and after 30 years, it could become $432.
The key⁉️
Let your money work for you, and be patient. Start today and watch the power of compound interest work its magic!