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The Magic of Compound Interest When Paying Down Your Mortgage
Paying off your mortgage might feel like a long, slow journey—but thanks to the magic of compound interest, every extra dollar you put towards your loan can have a surprisingly powerful effect. By understanding how interest is calculated and why timing matters, you can make compound interest work in your favour and pay your mortgage off faster.
The Rule of 72: A Simple yet Powerful Financial Tool to Estimate Investment Growth
The Rule of 72 is a quick and simple tool to estimate how long it will take your money to double, based on a fixed return rate. Learn how it works and how to use it for savings, investing, and property.