Tuesday, October 17, 2006

Binary Dollar: Compound Interest

Binary Dollar: Compound Interest: Rick and Harper

Cartoon with a good explaination of how compound interest works.

Basically, they show why it is so important to invest early.  Compound interest means that someone who invests an amount for 10 years will have more at the end of 30 years than someone who started investing the same amount 10 years later.

This is why it is so important to invest as you start you first job, and even before then.

1 comment:

Henry said...

Rockin. I'm glad you liked the cartoons. I noticed you're in DC. I justed moved near DC in the MD area. Kind of expensive out here.