If Money Could Talk

Most people think they know me.  They don’t. I am not what most people think I am.  I am not the paper in your wallet, or the coins that jingle in your purse.  I am not quietly sitting in your bank account, …

Compound Interest Explained

DEFINITION of ‘Compound Interest’ Interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan. Compound interest can be thought of as “interest on interest,” and will make a deposit or loan grow …