Yes indeed! Thanks for watching!! Always appreciate some new ideas. In terms of investing, there aren’t many downsides to compounding. It’s all beneficial! However in terms of debt, compound interest can be a big deal, especially if the payments you’re making on a debt don’t cover the interest that accrues each month. Is that what you’re referring to?
@@PracticalPersonalFinance No I don't have debt currently. I am aiming at financial growth. I need to know if compound interest is just money growing or if I need to think of taxes, risks, fees, anything that might happen. Thank you!
