The Miracle Of Compounding February 2013

http://www.waddell.com/personal_investors/interactive-planning-detail.aspx?calculator=WaitCost

The attached link will help you learn about how the miracle of compounding works with your investment of money.

 If you are saving for your mission or college or any other goal for the future the miracle of compounding will help you achieve your goal faster.

What is the miracle of compounding  It is letting your money, and the interest you earn from investing it, work together to grow fast to help you achieve the financial means to fulfill your goal.

 Go to the link and plug in the numbers 10 on years to wait, 100 on starting amount, 20 on years ,8 on rate of return, and 25 on additional contributions.

 Look at the results. Amazing!

 Now plug in the numbers you want to see how it changes. If you need help have your Mom or Dad help you with the numbers and entries.

 Once you have done this a few times send me an email or call to tell me what you learned by this exercise.