Compound interest is like a snowball rolling down a hill - it starts small but gets bigger and bigger!
Simple vs Compound Interest:
Example with $100:
The Rule of 72:
Divide 72 by your interest rate to see how many years it takes to double your money.
Why Starting Young Matters:
If you save $1 per day starting at age 10, with 7% annual returns, you'd have over $100,000 by age 50!