Understanding the Basics of Personal Finance: Compound Interest
Personal finance is important. Starting a smart personal finance plan as soon as possible can mean the difference between retiring early, sending your kids to their dream schools and more. But, before you can save big bucks, you need to know the basics of personal finance. In this video, Entrepreneur Network partner Phil Town helps you by explaining how compound interest -- one of the most important aspects of personal finance -- works.
When interest is compounded, rather than paid linearly, the overall size of the investment grows exponentially faster. The effects are harder to see in the early years, but eventually, they become quite pronounced.
Click play to learn more.
Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.
EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on Roku, Apple TV and the Entrepreneur App available on iOS and Android devices.
Click here to become a part of this growing video network.