Magic to become a millionaire

By: Selena Maranjian

Compounding

Compounding can be easy. It doesn't take a scientist to become a millioner from compounding. You just have to follow this simple steps.


  1. The amount of money you invest
  2. The amount of time you give it.
  3. Rate of growth


Example


Year Start with Add 10%

0 $100 $10

1 $110 $11

2 $121 $12.10

3 $133.10 $13.31

4 $146.41 $14.64

5 $161.05 $16.11

6 $177.16 $17.72

7 $194.88 $19.49

8 $214.37