Yes! I wish every student understood compound interest. Once you turn 18 you’re an adult. You are fair game in the land of finance. Welcome to the dark side of compound interest. Student loans… credit card debt… overdraft fees… finance companies… all await a new group of uninformed consumers to the ease of credit. Borrow now… pay it back later… you’re young… live your life! The social pressure to be cool and keep up with the crowd traps too many young adults before they truly understand the consequences.
Come to the light. The abundance side of compound interest. Get a part time job… open a Roth IRA… pay cash… borrow as little as possible! If you invest a dollar a day and let it grow over time the investment will grow and create financial security. Don’t follow the crowd, leave school financially secure. Leave school with an education and a Roth IRA . Use compound interest to build wealth and help you secure the American dream.