compound interest debt

What Is Compound Interest: Making Money (or Debt) Grow

You’ve probably heard the term “compound interest” before.  But what is compound interest? Is it good, or bad?  Do you want it, or should you steer clear?  Well, that depends on whether you’ve got it working for you, or against you. Wealthy investors all over the world have long known how to make compound interest their friend.  But your credit company also knows the secret.  And if you’re carrying...