FINANCE GURU ADVICE

Power of Compound Interest : How to Make Your Money Work for You   Have you ever heard the saying, " It takes money to make money" Yes, the concept of compound interest matches this saying perfectly. This powerful as well as magical phenomenon has the potential to turn your finances in to powerhouse, allowing you to take rest while your money works for you. In this article, we will delve into topics: what is compound interest, compound interest formula and some effective ways to maximize the compound interest. WHAT IS COMPOUND INTEREST ? Compound Interest is one of the most powerful force in the dynamic world of finance. It is an exponential process of earning interest of interest, which means your money will grow over time. This phenomenon can pave way for remarkable long-term growth, even with relatively small amount of money. It is like a snowball rolling downhill, picking up the pace and size as it goes down. In short, the longer you invest your money, the more it multipl...