What is compound interest...

What is compound interest...

Money that makes more money is the ultimate dream of any investor, so how exactly does this work?

Before we get to the exciting world of compound interest, time for those boring yet important words of warning about your personal circumstances.

This information is of a general nature and does not constitute professional advice. You should always seek professional advice in relation to your particular circumstances.

So what is compound interest?

Compound interest is all about delaying financial gratification in the short term so that you can earn more in the long term, says Holdaway.

Sourced from Realestate.com.au - click here to read more...