The Power of Compound Interest
Compound interest is your friend – It’s simply interest earned on your interest. For example, when you receive interest from a saving or investment and you reinvest that interest instead of withdrawing it, the time your interest will be calculated on your original savings plus the interest you’ve received. So your next interest payment will be higher and so on and so on.
To find out more on how your savings/investments can build up faster and work harder for you – click on the following link: Power of Compound Interest
More Articles
Treasurer unveils design details for payday super
The government has released further details about the design of its payday super policy including an...
Government releases details on luxury car tax changes
The draft legislation aims to modernise the luxury car tax by tightening the definition of a...
Are you receiving Personal Services Income?
Do you earn personal services income (PSI)? . While most people may think that it only...
Taxing unrealised gains in superannuation under Division 296
Australia’s superannuation system has seen a number of significant changes in recent...
The Leaders Who Refused to Step Down 1939 – 2024
Check out the The Leaders Who Refused to Step Down 1939 ...
Investment and economic outlook, September 2024
The latest forecasts for investment returns and region-by-region economic outlook. . A recent rapid...
ASIC extends reportable situations relief and personal advice record-keeping requirements
ASIC has extended the reportable situations relief and personal advice record-keeping requirements on the same...
Economic slowdown drives mixed reporting season
Many Australian companies are still battling economic crosswinds and headwinds. . Hundreds of...
Sofie Korac is an Authorised Representative (No. 400164) of Prudentia Financial Planning Pty Ltd, AFSL 544118 and a member of the Association of Financial Advisers.
Financial Advice Sydney and the North Shore Office based in Gordon NSW