If you invested $10,000 in a savings account with a (generous) 0.5% interest rate, a decade later, you’d have $10,511.40. A secure route, yet the growth is meh.
But if you put that same $10,000 into the stock market, with its average 10% return, you’d $25,937.42 in the same timeframe. A riskier route, yet the growth is magical.
This crazy contrast highlights the glorious, glorious power of compound interest (the process of earning interest on interest.) Bottom line: you work hard for your money, make sure it returns the favor. Send this to someone who you know stashes their cash in a checking account 😝