• Compound Interest
    Finance Help,  Make Money

    Compound Interest: You can retire a millionaire with $100 per week.

    Compound Interest is the best kept secret of the super wealthy. Whenever you hear a rich person saying that you should “make your money work for you” and not “work for your money” they mean compound interest.   These rich people are earning interest on their interest. And, no, that’s not a typo. I’m going to create a simple example and explanation. Mainly because I want something to link to in my posts whenever I mention compound interest.   Compound Interest Vs. Simple Interest   Let’s say you bought a $10,000 treasury bond that paid you 3% annually and matured in 10 year. This means that you would get $300…