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Chapter 11: Why you should invest ASAP
Aussie FIRE | Financial Independence Retire Early
The Magic of Compound Interest
compound interest means that your money grows over time as the income and capital growth on your investments compound. Many people in the finance industry will tell you there's nothing free when it comes to investing, except perhaps compound interest. If you've ever wondered how people turn a thousand dollars into enough to retire on, the secret weapon behind this is compound interest. Now let's look at the numbers behind everything we've just discussed.
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