What is Compound Interest?
Imagine your money is like a snowball rolling down a hill. As it rolls, it picks up more snow (interest), and that new snow also picks up more snow! That's compound interest - you earn money on your money, AND on the money your money earned!
Fun Fact: Albert Einstein called compound interest "the eighth wonder of the world"!
Compound Interest Calculator
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Watch Your Money Grow
Pro Tips for Young Investors
Start Early
Time is your superpower! Starting at 15 vs 25 can double your money.
Be Consistent
Even $20/month can grow to thousands over time!
Keep Learning
Understanding money = making better decisions = more wealth!
Set Goals
Save for something specific - a car, college, or your first apartment!
Quick Math: The Rule of 72
Want to know when your money will double? Divide 72 by your interest rate!
=
9 years