Hi Taylor: I’m almost embarrassed to write this, but I’m not sure I understand compound interest. I always hear the term, but it doesn’t make perfect sense in my head. Can you explain a little about it and why it’s so important?

Hey Maddie: You shouldn’t be at all embarrassed, especially because I bet there are a ton of readers who are very grateful to you for asking this question. I’d love to talk about compound interest because everyone should understand and appreciate it.

Taylor Kovar is CEO of Kovar Capital. Read more about him at GoFarWithKovar.com.

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