Check out this nifty flash video from Vanguard about the power of compounding. I’ve talked about this a bit and the Rule of 72 before in this previous post, but there’s nothing like a bit of nifty Flash and graphics to drive a point home. Compound interest is awesome, and starting a.s.a.p. is critical. For example, all you need to begin is $1 at Capital One 360, and you can turn it into $26!. Then set up an automatic savings plan with them, and you’re on your way. (Credit for flash to Our Money, Our Future).
Hi! I'm Jonathan and I've been sharing about money since 2004. Father, husband, self-directed investor, financial freedom enthusiast, and perpetual learner. X @mymoneyblog More about me.
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Rates and terms set on third-party websites are subject to change without notice. MyMoneyBlog.com may have financial relationships with the merchants mentioned, meaning that I may receive a commission if visitors click on any outbound links and buy something. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.
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