MMS #4 | The magic of compounding returns, explained
Money Made Simple - Un podcast de Simplicity - Les dimanches
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In this episode of Money Made Simple, Jennie and Liv explain how compounding returns (including compound interest) work, and why compounding is such an important financial concept to understand. So magical, in fact, that Albert Einstein called it the "eighth wonder of the world". Go figure!This episode covers:A simple explanation of how compounding returns workAn example of how compounding can work in terms of interest on your bank balance vs investment returnsHow compounding can work against...
