Congrats! You won the lottery! 🎉 You get to choose between two prizes:
1) You get $1 million right now.
2) You get a penny that doubles each day for 30 days.
Which one would you choose?
After 30 days, $1 million is, well, $1 million 😪
On the other hand, a penny that doubled every day for 30 days becomes over $5.3 MILLION 😵
This is because of compound interest.
Compound interest is a superpower that makes your money grow faster and faster over time 💡
The earlier you start, the more compound interest can grow your money 💵
For example, if you started doubling that penny just 5 days earlier, it would have become $172 MILLION!
Stocks can grow from compound interest, so starting with small amounts can become LARGE over time.
Bloom offers a tool that shows you how much money you can make by investing -- try it out here: Potential Return
Choose an option
Money grows faster and faster over time
Interest rates decrease
Return rates stay stagnant
Inflation matches ROI
money you'll lose
compound interest can grow your $$
risk you expose yourself to
market fluctuations you miss
stocks
your salary
inflation
ROI
Risk vs. Reward
Diversification
Intro to ETFs