Part 8/9:
In contrast, some bonds or fixed deposits may offer higher interest rates but do not necessarily facilitate reinvestment of payouts, limiting their growth potential through compounding.
Final Thoughts
The fundamental lesson for young people is to start early and stay consistent. By doing so, they leverage the transformative power of compound interest—money making money over time. Procrastination and inconsistent efforts diminish this advantage, potentially costing tens or even hundreds of thousands of dollars over a lifetime.