Sentences with phrase «magic of compound interest»

As the saying goes, the eighth wonder of the world is the secret magic of compound interest.

It won't be impressive in the short run, but after a couple of years you'll start seeing the true magic of the compounded interest force!

Thanks to the financial magic of compounding interest, the sooner you start saving, the easy it will be to reach your comfortable retirement goal.

But «the magic of compound interest» is not sustainable.

Rich old investors could be just another manifestation of the magic of compound interest.

This is not what the magic of compound interest promised.

«To get the most out of the magic of compound interest, it's best to start early and take advantage of all the tax breaks, rebates and Government schemes offered to help Australians build their retirement balance,» Vamos said.

This is the «magic of compound interest» and cash / bonds have not been nearly as magical as stocks historically.

Now, don't tease me, but this was truly the first time I saw the magic of compound interest at work.

The earlier you start, the more time you have for the magic of compound interest to help you build huge investment returns.

These are good numbers to keep in mind in terms of what the stock market can return — and the best thing is understanding that you earn Interest On the Interest (yes, that magic of compound interest!).

Advisors talk about the magic of compound interest over time, which is why I like to see young people get money into TFSAs as soon as they can.

«My dad explained the magic of compound interest to me that year and I was hooked,» says Sophia.

The magic of compound interest has essentially worked against her, and now the amount owing on her home is growing at an increasing rate.

By saving early and often in a 401 (k), IRA or other tax - advantaged account, your money has more opportunity to multiply through the magic of compound interest and returns.

Due to the magic of compounded interest, even when the rates are low, someone who starts to save for their retirement early doesn't have to save as much as someone who starts saving later in life.

And thanks to the magic of compound interest, that # 12,000 has turned into # 13,000 (assuming a net interest rate of 3.2 %).

That's an increase of 64 %, thanks to the magic of compound interest.

Ahh, the magic of compound interest.

Saving and investing means ultimately benefiting from the magic of compound interest (or compounded reinvested dividends).

You won't become a millionaire overnight, but by investing in retirement funds and mutual funds and thanks to the magic of compound interest, over time you can build up your net worth.

Any money you borrow from your retirement fund misses both market gains and the magic of compound interest.

That's the magic of compound interest, and why saving even a small amount of money for a long period of time can make a huge difference.

The magic of compound interest is a powerful tool in convincing young adults / teenagers that investing works.

The idea of the magic of compound interest is that when you receive an interest payment on your investment, you now have a larger investment,...

That's the magic of compound interest.

Get moving on this now, otherwise you'll be missing out on that juicy government grant and the magic of compound interest.

Normally, I'd say that because of the «magic of compound interest», balances of high rate cards shoot up rapidly, so pay off the high rate cards one by one until they're all zero.

However, the magic of compound interest applies to that tax deferral.

When you spend years paying off your mortgage instead of investing the cash, you lose out on the magic of compound interest for your lost investment dollars.

And the less you benefit from the magic of compound interest and returns.

That's because you are applying the much - acclaimed «magic of compound interest» to a debt rather than an asset.

That's the magic of compounding interest.

I'm assuming you're pretty young, so you still have plenty of time to let the magic of compounding interest do its work, even if you happen to get into the market right before it drops (well, that, and the fact that you won't really have much invested anyway).

Thank the magic of compound interest for this.

You'll have 18 to 20 years to benefit from the magic of compounding interest.

That 10 to 15 year advance you get has all the magic of compound interest.

Regardless of whether a retirement fund is opened before, during or after college, Junior will be ahead of the game by starting to sock away money early — thanks to the magic of compounding interest, according to Charles Schwab.

Remember, just as soon as you make a deposit, the magic of compound interest could begin to grow your savings at a steady rate over time.