Booklet

author

Bola Sokunbi

Finance & Accounting

Compounding 101

COMPOUNDING 101
Compounding either works for you or against you. Over time it can grow your savings & investments or increase your debt.

Savings: Interest earned will continue to compound on top of your savings if you leave it alone.

Investments: Reinvesting your gains and dividends can greatly increase your long-term returns through compounding.

Debt: Paying more than the minimum payment will help you get ahead of the compounding effect tied to the interest rate on your debt.

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