What is Compound Interest and How Does it Work

What is compound interest anyway? How does it work? You hear the term being thrown around a lot, but maybe you’ve never had someone explain it to you. In this video, I do just that – explain what compound interest is. And I do it in just 60 seconds.

Have a question about personal finance? Let me know in the comments!

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How to Create a Monthly Budget: https://youtu.be/-fkCYOBgCww

More Episodes of Personal Finance Minute: https://www.youtube.com/playlist?list=PLjnmlj1ejHBOBDBcQoZ6ncHl2uVEkxDBg

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