Compound Interest: The key to building long-term wealth
Is compound interest a key to building long-term wealth, a financial force that, when used wisely, can help grow substantial wealth over time?
How can just KSh1,000 a week grow into a million? It sounds impossible, right? However, the secret lies in one of the most powerful forces in finance: compound interest.
Compound interest is when the money you save doesn’t just earn interest on the original amount, but also earns interest on the interest you’ve already made. It is like planting a tree, which matures, bears fruit, and produces seeds. Each of these seeds grows into another tree, and soon, you have a forest.
Watch the video to learn more.