compound interest

  • How Paying Your Credit Card Minimum Puts You In A Debt Spiral

    How Paying Your Credit Card Minimum Puts You In A Debt Spiral

    If you have a credit card, you should, theoretically, know how missing a payment or paying off less than your total balance each month can lead to a debt spiral. The interest rate on credit cards is very high compared to other financial products, and it compounds when you don’t pay your balance off in…


  • The Fastest Way To Save $1 Million

    The Fastest Way To Save $1 Million

    Read one article about personal finance and you know that compound interest is one of the most important reasons to start saving and investing early. Well, in theory. You’ve heard that if you start investing in your 20s, you’ll have a bajillion dollars more than you will if you start in your 30s. Or something…