Compound interest is a powerful tool that can help you grow your money. But what exactly is compound interest? It's when the interest you earn on an investment begins to earn interest itself, creating a "snowball effect" that can lead to significant growth over time.
It's hard to really grasp just how impactful compound interest is, so we built a calculator to help drive it home.
Compound interest + time = impossibly large gains — It's really magical.
Hopefully this free tool helps you grasp the importance of investing in stable assets and _holding_.
https://maybe.co/tools/compound-...
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