The Power of Compound Interest: A Guide to Growing Your Wealth
TABLE OF CONTENTS 1. Introduction 2. Understanding Compound Interest 2.1. Definition 2. 2.2. Formula 2. 2.3. The Time Factor 3. Why Compound Interest Matters 3.2. Exponential Growth 3.3. Snowball Effect 4. Examples of Compound Interest in Action 4.2. Savings Accounts 4.3. Investments 4.4. Retirement Accounts 5. Maximizing Compound Interest: Strategies for Success 5.2. Start Early 5.3. Consistent Contributions 5.4. Reinvesting Earnings 5.5. Choosing the Right Investments 6. Common Mistakes to Avoid 6.2. Neglecting to Start Early 6.3. Withdrawing Too Soon 6.4. Ignoring the Impact of Fees 7. ...