The Compound Interest Effect
In short:
The interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.
Source content: https://www.investopedia.com/terms/
Compound Interest Effect🔝 click for more information
Financial Freedom
In short:
Financial Freedom means your money is working for you rather than the other way around. Spoken in simple terms: The aim is to build up enough wealth, that you can easily live from its returns. That means having a passive income, which allows you to not work actively.
Source of content: https://www.moneyfit.org/financial-freedom-means/
Financial Freedom🔝 click for more information
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