Zone 5 · Pocket Money
Compound Interest
Nine lessons of about three minutes each, every one with a live demo and a quick test.
- Saving & Compound Interest×8
- Money Mindset & Psychology
- 37SavingPay Yourself FirstSave before you spend, not after
- 38InterestSimple InterestInterest paid only on what you put in
- 39Compound InterestInterest on InterestCompound interest turns a straight line into a curve
- 40Compound InterestThe Rule of 72Divide 72 by the rate to see how fast money doubles
- 41Compound InterestEinstein Never Said ItThe 'eighth wonder of the world' quote has no source
- 42Compound InterestStart at 20 or at 30?Ten years of waiting can cost more than ten years of saving
- 43PatienceFranklin's 200-Year GiftBenjamin Franklin left £1,000 to Boston to grow for 200 years; by 1990 it was worth millions
- 44Saving PsychologyFuture You Is a StrangerYour brain treats your older self like someone else
- 45SavingThe Emergency FundCash that turns a crisis into an inconvenience