Posts Tagged ‘interest’
When Compound Interest is Against You.
Compound Interest goes both ways
What I mean by “Against”.
We all know that compound interest is the best tool we have to building large sums of money, when its working for us.
When you have an abundance of debt, be it credit card or other the interest is compounding against you. So instead of YOUR money building the DEBTOR’s money is building at an exponential rate.
Read the rest of this entry »
