Common Sense Economics 2015-2016

Introduction:  When Albert Einstein was asked what he thought was the most powerful force in the universe, he responded with "compound interest.”  Visit Dave Ramsey's Investing Calculator (www.daveramsey.com/articles/article/articleID/investing-calculator/). 

Use the investing calculator to visualize the power of compound interest.  It will help you see how you can earn income by putting to work a part of your paycheck, gifts of money, and extra income.  On completion of this assignment you will understand how to build wealth through regular saving, diversified investing, and using the power of compound interest.   Feel free to play with the compound interest calculator, adjusting interest rates, dollar amounts, and time to match your current situation, align with your financial plans and retirement goals.