How does compounding interest work - the power of compounding interest explained.

Описание: Albert Einstein famously said that compound interest is the most powerful force in the universe. He said, “Compound interest is the 8th wonder of the world. He who understands it, earns it; he who doesn't, pays it.” Who am I to argue with such a smart guy?

In this video I explain how compound interest works and the true power of compounding your money over the long term.

https://moneysmart.gov.au/budgeting/c... Books I have read and highly recommend, if you are just starting out on your investing journey I recommend starting at the top of your list and working your way down.

Rich Dad Poor Dad:https://amzn.to/3oqgC4i
Rich Dad's Retire Young Retire Rich: https://amzn.to/2HzKVoz
The 4-Hour Work Week: https://amzn.to/37FzdDC
The Dhandho Investor: https://amzn.to/3jtO71W
The Education of a Value Investor: https://amzn.to/37CZQJh
Rule #1: https://amzn.to/2J0Is6Z
The Little Book That Still Beats the Market https://amzn.to/3onLIcW
One Up On Wall Street: https://amzn.to/3jultht

More advanced books once you have got the swing of things

100 Baggers: https://amzn.to/37HNLTq
The Intelligent Investor https://amzn.to/3ku5ocB
The Acquirer's Multiple:https://amzn.to/3olsWmB

If you have any other good investing related books you recommend then drop them in the comments below cheers. Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you!