11
My uncle laughed when I put $50 a month into a high yield savings account back in 2017
Five years later that same account had over $4,200 in it just from small automatic transfers, and he asked me to show him how to set one up for himself last Christmas.
2 comments
Log in to join the discussion
Log In2 Comments
eva_ward8814d ago
Honestly, $50 a month back in 2017? That's insane to think that little bit added up to over $4,000. Ngl, I had to read that twice to make sure I wasn't seeing things. Tbh, people really sleep on how automatic transfers work without you even noticing the money is gone. It's wild that your uncle laughed at first, but now he's the one asking for help. Compound interest is no joke when you give it time to do its thing.
8
the_jenny14d ago
Right, because that $600 a year was clearly a waste. Funny how compound interest doesn't care about anyone's opinion. Guess who's laughing now, and it's not your uncle with his late fees.
0