#27: Compound Interest

Sammie and Michelle take a look at compound interest, the "8th wonder of the world". They walk through what it is, how it works and why it's so magical. Listen to find out what people mean when they say their money is working for them.

Show Notes:

• “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.” - Albert Einstein 
• "My Bank of America account got six figures" - Who Do You Love by YG
• Compound Interest Calc
• No Scrubs by TLC
• "Thanks to the soaring value of that stock, Ms. Scott is accumulating wealth faster than she can give it away. Though she has donated more than $8 billion over the past 11 months, primarily through direct gifts to nonprofits, today she is richer than ever, worth some $60 billion, according to Forbes." - New York Times
• Personal Capital

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