Emmanuella Fernandes shares some of the money lessons that were inadvertently shaped by her parents’ and grandparents’ experiences.
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Tales of rice and rewards
We often talk about the value of time in investing, but it is difficult to really get to grips with the rewards that can be reaped through compound growth.
What Compounding Can Do For You
Compounding is when the interest on a sum of money, either a deposit or loan, is added to the original amount so that the interest also earns interest. Albert Einstein’s popular quote highlights the impact compounding can have over time, and also cautions that it can work either for or against you. Wanita Isaacs explains.
