Einstein called compound interest the 8th wonder of the world. In this easy how-to tutorial, we go over the simple compound interest calculator that I created, and how to use it.   

Google Sheets Link https://docs.google.com/spreadsheets/d/13vzbzgENMtFsokRiQ2VQm3RZyKIbWhRiV5N90lSZTPI/edit?usp=sharing 

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One thing is for sure, compound interest is a great way to make your money work slowly but surely.  With compound interest, if your returns are constant, your savings will earn you a little more each year than the year before. Therefore, the earlier you start saving, the more you will benefit from the power of compound interest. You can equate this to the snowball effect.   The concept of compound interest is simple: When you invest money, you earn interest on the money you invest, but also on the interest you have accrued by investing your money. Your money earns you interest, which, in turn earns you interest, and so on and so on.  In the long term, over several decades, your returns can reach colossal proportions. That's the whole point of compound interest. Get rich for retirement. Thanks for watching everyone. 🔥