The Power Of Compounded Interest In Finances
Compound interest means that small efforts over a long period of time can have tremendous results.
- Eg: Warren Buffett and his fortune since he was 10 years old.
- This can be negative, making bad strategies and plans cultivate financial failure.
- It is not necessarily about obtaining the highest income possible, but obtaining a consistent income over a long period of time.
LOK: 4. Management
RL: Psychology of money
IDEAS: Personal finance Compound interest