Compound Interest

Interest on interest is kind of interesting. Let time and compound interest work its magic and it will eventually make you very very rich.

Compound Interest
22. April 2024 by Click insider / Money

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Compound interest is simply the addition of interest to the principal.

Reinvest interest rather than paying it out. Compounding will be busy working while you are sleeping.

The Rich Get Richer

The rich get richer and the poor get poorer. Those who have, will be given more. Those who have not, the little they have will be taken away.

For whosoever hath, to him shall be given, and he shall have more abundance: but whosoever hath not, from him shall be taken away even that he hath. Matthew 13:12

This may be less true today than it has been. The poor today can get rich, and it's not uncommon for rich people to eventually lose everything. If you're rich, and you didn't earn it, and you don't know how to sustain wealth, it may all be lost. Easy come, easy go. Making money can be hard, but it can also be easy. If you know how to make a lot of money, and if you're starting with a huge pile of money, then making more of it might be very easy. If you have a lot of money, but don't know how to use it and grow it, it may very well be lost.

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