This Fundamental Friday topic is VITAL to your understanding of finance. This is a topic that I have taught many times in a classroom and one that underlies all the mathematical truths in your financial life. Compound interest is amazing if you are earning it and a killer if you are paying it. It is the reason that you can invest so little over time and build large amounts of wealth, but it is also the reason that you can’t get out of credit card debt by just making the minimum payment every month. This is how your money grows. It is a simple concept, but understanding it will unlock a whole new world of understanding financial concepts that may have been over your head before.

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Don’t forget to like, subscribe, and leave comments below as I would love your feedback. Be sure to check out my website (www.mnowithdylan.com) where you can get more information on my financial coaching services and more, the podcast of these shows if you are more of a listener than a watcher, and follow the show on any social media outlet (FB, Twitter, & Instagram) @mnowithdylan (Money’s No Object with Dylan Howell) [All links in description]. Tune in for more personal finance concepts. Don’t forget to check-in every weekday (Monday-Friday) for new videos which will be uploaded each day at 6 a.m. CDT. Thank you, guys, for tuning into this episode of Money’s No Object. I’m Dylan Howell.

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(Please keep in mind that I am not a financial advisor. I create these videos for educational purposes only. You and only you are responsible for the investment decisions that you make.)