It is now possible to buy short term car insurance
in Britain, ranging from as little as a day to several months. Get
more info from this
website and you could make compound savings. What is compound
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When you invest some money you earn interest on this capital, however with compound interest you earn money the following year through interest on your original investment plus the previous yearís interest earned. This essentially means a small investment can grow to a huge figure if it is given time. It also means that adding more money each and every year offers a fantastic saving plan for your future.
The earlier you start putting money away and saving
through your compound interest saving account the more you will earn
in the long run. And donít delay as each year you put It off means
youíll be missing out on a lot of cash when you want to withdraw
Make sure you donít put all your cash into your investment plan though, as itís important to also enjoy your life in the here and now, you never know what is around the corner.
You need patience and time Ė these are the two keys for successfully capitalizing on the wonder of compound interest.
You can find out simply how long it would take your
investment to double by using the rule of 72 which involve dividing
72 by your interest rate eg 72/6=12.