How Compounding Interest Can Change Your Life!

The amount of compounded interest increases with the number of compounding periods. Consider it like a snowball. Your snowball will get bigger the sooner you start saving and the more money you put into it. Consider what would happen if you pushed a snowball down a slope covered in snow. Your snowball will eventually include the snow you started with, the snow it picked up along the way, and even more snow on top of that when it reaches the bottom of the hill.