Introduce Your Kids to Interest

How understanding compound interest can turn small savings into substantial wealth.

Money doesn’t materialize out of thin air, but it can multiply in the bank. This week, we’re exploring the world of interest — the silent force that transforms your savings into wealth.

Parents, ask your kids: “If you had a magic jar that doubled your money every year, how much would you have after a decade?” Do the math together 🫠

“Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it.”

Albert Einstein

Einstein’s words highlight the power of compound interest. When you earn interest on your savings, and then earn additional interest on that interest, your money grows exponentially over time. This “interest-on-interest” effect can turn small, consistent savings into substantial wealth in the long run.

MYTHS

Let’s bust some common money myths that might be holding back your financial growth.

• Myth: You need a large sum to start investing.
  Truth: Even…