As a young professional, you are faced with a myriad of decisions when it comes to managing your personal finances. Should you buy or rent, tackle your student loan or car loan first, invest or pay off debt, pay cash or finance? While these might sound like relatively straightforward decisions, we occasionally fail to account for the true cost...
The path to a professional career can be incredibly rewarding, but it can also come at a tremendous cost. The ever-increasing cost of a university degree (or multiple!), potentially living away from home, the inability to work due to academic commitments, and the occasional night out can leave a young professional feeling overwhelmed, buried under a mountain of debt before they even earn their first paycheque...
Although compounding can apply in many facets of our lives, from health and fitness to personal development, in finance it is often referred to in the context of compounding investment income. Compounding is quite simply, growth paid on growth resulting from investment income whether interest or dividends, and can be paid in frequencies varying from daily to annually...
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