Everyone works hard for their money and as such we all want to see and make our money work for us. There are so many options and it can get confusing so here is some help.
The Basics:
Goals and Dreams
Most of us have goals and dreams for our future, which requires being smart with our money today, and thinking about financial planning and smart investing. An investment is simply a vehicle in which you put your money to get a return or profit. Typical investments are stocks, bonds, GICs and mutual funds.
The Magic of Compounding:
Compounding helps your money grow even faster, compounding simply means earning income on your income. You are earning income not only on your principal but on interest. look at this chart to show that shows the effects of compounding to ensure your understanding.
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