Bil Ioannidis Financial Insights Weekly - Business & Personal
Submitted by Bil Ioannidis B... on
The snowball effect - get the 'magic' of compounding working for you
Kick a small ball of snow into motion from the top of a hill and by the time it gets to the bottom, it will be HUGE. That's the snowball effect - and you can get the same growth effect in your investments thanks to the 'magic' of compounding.
Make even a small investment and leave that investment and the income it generates to be reinvested - or compounded - and over the longer term, your small investment will grow exponentially.
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