A KEY TO BUILDING WEALTH
Compound interest is one of the most powerful concepts in personal finance.
HOW DOES IT WORK
When you make an initial investment, your principal starts accruing interest.
As you earn interest, the account balance grows.
Over time, you continue to earn interest on the growing balance.
This leads to the exponential growth of your investments long-term
COMPOUND INTEREST VARIABLES:
Principal - The amount of money initially invested
Interest Rate - How much interest you earn
Compound Period - How frequently interest compounds—daily, monthly, or annually
Time - How long the money is left to compound
START TODAY!!!
The earlier you start saving, the more exponential growth can occur. But it’s never too late. You can harness the power of compound interest at any time
Talk to a financial professional about how you can start saving today!! Give us a call at (330)- 526- 8412
This is a hypothetical interest rate that is not representative of any specific amount