The effect of compounding on your money is well known but not often well measured. Think about the accounts in your name at this moment. Ones that are earning you interest and ones where you're paying interest. A handy tool to see how rapidly compounding affects your cash is "The Rule of 72". Increase your financial literacy at our workshops! Send me a message on my page here: https://lnkd.in/gnPTtzZ7
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Financial Tip: There is a direct correlation between financial literacy and financial peace of mind. By familiarizing yourself with some basic financial concepts and other banking terminology, you’ll have the tools and confidence you need to take charge of your personal finances. For financial resources, check out our blog at www.capecodfive.com/blog
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