Compound Interest - Einstein called it the ‘eighth wonder of the world’. It supercharges our savings and investments. But compound interest can also increase the cost of our debt. Either way, over the long run, we’re talking serious dosh! The best compounding happens when any interest we earn gets reinvested and earns even more interest. It’s interest earning interest.
Learn how to use the Rule of 72 and other rules of financial tricks that you can use to impress your friends!
An account in the current assets section of a company's balance sheet. This account contains any investments that a company has made that will expire within one year. For the most part, these accounts contain stocks and bonds that can be liquidated fairly quickly.