- Index hide
Saving is one of the measures most used by users to generate a significant amount of money depending on the time and the amount paid.
Compound interest can be understood as the return that your savings generate over time.
In addition to investments and bonuses, saving can help increase the amount of money accumulated, this over time and the amount paid.
Saving is one of the most effective ways to generate an accumulation of money; however, this is not always completely effective, since in most cases, this saving only depends on the number and perseverance of the people; so interventions and alternative saving methods result in the best option to generate profits.
An effective way to transform your savings into an investment is to consider the savings plans that some banking institutions offer, since no matter how little the amount is available, you generate a percentage of value which is added to your savings directly, It is worth mentioning that no matter how little the money available is, you must find a way to get the most benefit from it, so it is important to find that your money returns.
What is the composed interest?
Among the models available to grow your savings, without the need to generate an investment as such, is to consider the compound interestwhich can be understood as the profitability of your initial amount, that is, this will generate a return, which will be conditioned to the interest of the contribution at the beginning of the investment, which will generate new benefits.
How it benefits your savings
One of the clearest benefits of compound interest is that it increases the equity destined for natural formal investment, which means that you do not have to constantly monitor your savings, since this it grows autonomously; However, although this type of payment generates a constant profit, it cannot be used only as the only measure of generating income, since it depends on the time and the amount of savings, why it becomes profitable and even so it is not the most beneficial solution, but it would be better to consider it as one more option to add to your investments.
@lagodelosbusiness Compound interest for your finances #personalfinance #interest #compound interest #saving #investment ♬ Monkeys Spinning Monkeys – Kevin MacLeod & Kevin The Monkey
Inside the short video placed by Internet user @lagodelosbusinessit is pointed out that although it is not entirely true that some person can become rich, only by saving, it could be possible for this to happen with the help of compound interest, for which it explains in a simple way that sIf an amount of 10 thousand pesos is put into savings, it is possible that in the future those same 10 thousand pesos can be withdrawn, although this may vary, Therefore, he points out that investing the same amount within the compound interest could be mostly a better option, since money does tend to grow.
Now read:
Mauricio Gutiérrez, new ambassador of Corporate Excellence – Center for Reputation Leadership in Mexico
AMLO thanks businessmen for joining the anti-inflationary plan to stop the rise in the basic basket
Brazilian Senate Summons McDonald’s and Burger King for Misleading (Very Misleading) Advertising
“Thanks to these videos you can save at Bodega Aurrerá”; user thanks community