The Magic of Compound Interest, Revealed!

You’ve likely heard about the magic of compound interest, and it really is something to behold when you see it and experience it in action.

Enter: Index Funds, Stage Right

Compound interest, that lovely federally-designated magic it is, is how I’m now closing in on a quarter million dollars. And you, too, should get in on this abracadabra party! Promise, it doesn’t take much to get admitted!

How You Can Enjoy the Compound Interest Magic

Let’s say you have a thousand dollars. Getting that to grow by ten percent in one year means you now have eleven hundred dollars. At the end of Year 10 that’s almost $2,600.

Fifty thousand? You’re looking at a solid $129,650. Have a hundred thousand dollars invested? Way to go, that’ll be $259,300.

Getting Started

You don’t need that much at all to get started. Gio, my 18-year-old hotshot brother, got his set up with roughly a thousand dollars. He’s been adding different amounts since then and is now sitting pretty at $3,000.

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