Imagine planting a tiny seed in your garden. With a little water, sunlight, and care, it grows into a towering tree over time, bearing fruit year after year. In the same vein, your savings or investments can also grow exponentially over time. This is the power of compound interest. By starting with a small amount, your money can grow increasingly larger as it earns interest on itself. It’s like a snowball rolling downhill, getting bigger and faster as it goes. If you are looking to build wealth, understanding and harnessing compound interest is crucial. In this article, we’ll explore the basics of compound interest, how it works, and why time is your greatest ally. We’ll also discuss strategies that you can use to maximise your financial growth. Understanding compound interest The principle is simple: not only do you earn interest on your initial investment, you also earn interest on the interest. At its core, compound interest is interest...