The Power of Compound Interest: How to Grow Your Wealth

The power of compound interest is a powerful financial tool that can help you grow your wealth exponentially. Unlike simple interest, which is calculated only on the principal amount, compound interest is calculated on both the principal and the accumulated interest from previous periods. This compounding effect allows your investment to grow faster over time.

By understanding how compounding works, you can maximise the power of your investments and achieve your financial goals efficiently. This guide will walk you through the compounding process, different investment options, and strategies to reinvest your interest earnings to generate higher returns over time.