How compound growth works
In shortGrowth on top of growth, and why time matters more than you'd think.
General information only. It isn't financial advice and doesn't know your situation.
Compound growth means your money earns a return, and then that return earns too. A return is what your money makes, from interest or from rising prices.
Look at the last 10 years. They add about $16,700, a little more than the first 20 years put together. That's time doing the work.
Starting earlier often matters more than starting bigger.
It works against you on debt. Interest on a card compounds too, which is why clearing it comes first.
In Stuffed, check Net worth every few months to watch the long view.
Try it in Stuffed
7 day trial on the App Store