I’ve been trying to teach every person I know what compound interest is and why it’s so important. Thank you for this simple and beautifully illustrated explanation!
Great Video and keep being a blessing to humans . please, Is there anyone here with the best ideas on how to utilize 40 thousand Dollars and can assure good returns from it? Any idea ...
If you’re to Die Today , which is very possible,Your Children will not inherit your degrees or your current position in the company or organization you work for from 8am to 5pm . Kids inherit Businesses/investments.Think about this throughout this Month.
with how banks' deposit interests are now this is not a thing anymore. Its better to use credit for purchases and build up your credit score and put your money on investments like stocks than let it sit there in the bank
To slow the speed at which this video plays: 1) (Smartphone) In upper right corner of video screen, tap the three dots. OR (Computer) In lower right corner of video screen, tap the Settings wheel icon. 2) Tap "Playback Speed". 3) Try tapping "0.5x". Your video playback should immediately drop to half-speed. Does that help? 🙏🌼
These past few days watching my crypto portfolio decline is very disheartening. Holding doesn't really profit much. Any ideas on how to earn better on the short run?
Am I the only one confused? My calculations are a bit off, but I can't find where I'm going wrong. Using your example, $1000x5% (0.05) = $50. Withdrawing this each year for 30 years in my calc would be 50x30 which is $1500 in simple interest. in your calculation, I would have 23,250. somebody, please help me out here.
Hey! I figured it out. You dont withdraw anything. Youre right that 1000×5% = $50. Thats year 1. Remember, in the example you put 1000 in each year for 30 years. Each year the account gains interest of 5% on the CURRENT yearly balance. So year 1 is 1000, year 2 is 2000, year 5 is 5000, and year 30 is 30,000. You keep doing the 5% math on each of those for 30 calculations (1000×5%, 2000×5%, 5000×5%, 17,000×5, etc) the answer you get from aaalll of those comes out to 23,250 that she got. I did the math myself and got to the same number! Hope this helps!
"If only statesmen had been compelled to study law of the laws of Compound Interest, the fate of the whole human race might have been very different." - William Joyce, "Twilight Over England", 1940
Seems kinda silly to me as it would take over 10 years before that 1 grand became two grand at 2% a year. Actually it would be maybe 1200 in 10 years 😂
Holis hay alguien aquí que hable español 😁 ya se es raro encontrar a alguien que hable español en un video que se habla en inglés pero culpa mía no es por que en una clase que se llama finance & organic hay que poner un video que hable de interés simple y compuesto pero en inglés por que esas clases o clase es en inglés ok chao me responden los que si saben inglés o entendieron ok chao ✌️
I’ve been trying to teach every person I know what compound interest is and why it’s so important. Thank you for this simple and beautifully illustrated explanation!
I have more questions do you mind me asking you a few questions
Still helping folks after all these years. Wonderful job!
Maybe im the one that's slow
U r not alone 😅
I'm going to cry
@@behumble6264 same
my heart is catching the topic😂
Same
The outstanding video explains this concept in less than 3 minutes, instead of a long 1 hour of boring videos. Thank you very much!
5:55 If you bank with #MeridianCU💳 then your assets are safer and better interest rates than most big banks🇨🇦! 🌎💘💰
Thanks for the clarification on these interests. It's a well-done job you did. More grace and inspiration to do more.
This was extremely helpful, thank you!
Great Video and keep being a blessing to humans . please, Is there anyone here with the best ideas on how to utilize 40 thousand Dollars and can assure good returns from it?
Any idea ...
Put it in a bank .
@@andrewblack4432 Thank you ,but that’s not a good idea for me .
@@andrewblack4432 😂😂 putting money in the bank can't make you richer .
If you’re to Die Today , which is very possible,Your Children will not inherit your degrees or your current position in the company or organization you work for from 8am to 5pm . Kids inherit Businesses/investments.Think about this throughout this Month.
@@grantstanley6039 💯
Einstein never said it.
The first known use of the compound interest phrase was in 1983 in NY Time's column.
Don't confuse your viewers.
yea..but it's good folklore
it called. Clickbait :)
Why does she call a year ... a "yiah' 😮
I gave Like for ur creativity 😃
with how banks' deposit interests are now this is not a thing anymore. Its better to use credit for purchases and build up your credit score and put your money on investments like stocks than let it sit there in the bank
Excellent illustration to get your point across 👌 👍 👏 😀
Really helpful great job
Wows thanks great work
Can you explain what how compounded daily works? Does the interest accrued daily, get added (for the amount which in the account for that day)?
great efforts in making the video!! Thanks
The saddest part is, NO BANK will give you 2% interest.
S$p 500 has annual return of 10%
@@joelwinta8935 how mate?
@@sheriffaminkebe776 S&P 500 ETF. It is based off the 500 top companies in the US, historically it has always grown.
This aged well. Now no banks will give you less than 2%
But don't high yield savings account currently offer approx 4% monthly interest? Don't those interest earnings compound monthly??
Good visualization!
So when you buy a house you pay with low interest but you do compound interest
To slow the speed at which this video plays:
1)
(Smartphone) In upper right corner of video screen, tap the three dots.
OR
(Computer) In lower right corner of video screen, tap the Settings wheel icon.
2)
Tap "Playback Speed".
3)
Try tapping "0.5x". Your video playback should immediately drop to half-speed.
Does that help?
🙏🌼
thank you, this video has given me insights and clarity. I was struggling to understand. Appreciated @Canstar
These past few days watching my crypto portfolio decline is very disheartening. Holding doesn't really profit much. Any ideas on how to earn better on the short run?
Short term trading is much preferable considering the
current market fluctuations.
also prolly just find a good etf and stop worrying ab crypto
How do I start? is there a bank in Australia that offers compound interest?
thanks for your teching
Am I the only one confused? My calculations are a bit off, but I can't find where I'm going wrong. Using your example, $1000x5% (0.05) = $50. Withdrawing this each year for 30 years in my calc would be 50x30 which is $1500 in simple interest. in your calculation, I would have 23,250. somebody, please help me out here.
Hey! I figured it out. You dont withdraw anything. Youre right that 1000×5% = $50. Thats year 1. Remember, in the example you put 1000 in each year for 30 years. Each year the account gains interest of 5% on the CURRENT yearly balance. So year 1 is 1000, year 2 is 2000, year 5 is 5000, and year 30 is 30,000. You keep doing the 5% math on each of those for 30 calculations (1000×5%, 2000×5%, 5000×5%, 17,000×5, etc) the answer you get from aaalll of those comes out to 23,250 that she got. I did the math myself and got to the same number! Hope this helps!
Combine your answers for all your numbers multiplied by 5 percent, and it'll get you to $23,250, to clarify! ❤️
@@shaerose1253thanks
Wow Thanks Great work
woah this was fun!
We're glad you liked it!
Those who didn't understand noticed that she was drawing with her left hand
How did she get 23 250?
Same question
You earn more on compond interest than in Simple interest?
Easy to understand
I liked this video and i appreciate❤
Makes sense.
What is the dimension of this paper?
Thanks it was very helpfull..I was having trouble understanding it but now I do...😊
Thanks for the feedback, Ayush! We're glad you enjoyed the video.
"If only statesmen had been compelled to study law of the laws of Compound Interest, the fate of the whole human race might have been very different." - William Joyce, "Twilight Over England", 1940
Wait .. where are these places that give you 2% or 5% interest on your deposit? 🤔
Wait where tf did the 18 cents come from WTf?
Gonna be honest, never been so confused in my life.
SAME!!!! n the drawing keep straying me away on wat she was saying 😂
it sucks...i coudnt understand shit..im watching another video..appre for making the efforts and helping others understand tho.
Not so understanding
My parents know about it but they say they're too busy to do it
not understood
You can get 4.9% with anz
Helplass🙄😉
So.. simple interest is when it is applied yearly, and compound interest is when it is applied monthly?
The secret is in the percentage of your weekly check
Thank YOu
interests make the rich richer and the poor poorer it's haram all the way
thx for explanation
I prefer simple interest
It is to fast
Nice effort
I’m becoming a millionaire soon
Lmao....how :/
Use a white board
Seems kinda silly to me as it would take over 10 years before that 1 grand became two grand at 2% a year. Actually it would be maybe 1200 in 10 years 😂
5:55 If you bank with #MeridianCU💳 then your assets are safer and better interest rates than most big banks🇨🇦! 🌎💘💰
hmmmm
Still don’t understand it. Guess I’m gonna keep paying it 😂
This the 5th video i see and still dont understand 😂
buuuuuuuuuuuu
Spirt bomb haaaaaaaaa buu died😂
U SCARED ME :*(
Holis hay alguien aquí que hable español 😁 ya se es raro encontrar a alguien que hable español en un video que se habla en inglés pero culpa mía no es por que en una clase que se llama finance & organic hay que poner un video que hable de interés simple y compuesto pero en inglés por que esas clases o clase es en inglés ok chao me responden los que si saben inglés o entendieron ok chao ✌️
You so fast
Maybe I’m the one that’s trippin
I'm in your room
roses are red violets are blue i came here for homework and i know you did to
Good luck with your homework, Daniel!
@@canstar thanks man the vid was good btw
its haram bro
Creamy AnaI
Really helpful
Great job
We're happy to hear that!