What’s more exciting than watching money grow? That is compounding at work, whether it’s compound interest or compounded growth of stocks in a portfolio. It begins with the interest you earn in the bank savings account. The money you deposit at the bank can be borrowed and used by the bank, and for this privilege, the bank pays you interest. Of course, the higher interest you earn the more compound interest you will receive. This is how you make your money work for you. Time is the best way to enjoy the benefits of compound interest, which is interest on top of interest. Read here for more details…
https://www.fool.com/amp/retirement/2018/07/10/compound-interest-and-compound-growth-a-compreh.aspx
Rev. Dr. Donna Taylor is the Pastor of Andrew Chapel, United Methodist Church on the Northern Neck in Montross, VA. Rev. Dr. Taylor promotes best practices for financial literacy and financial empowerment in the church and leads workshops throughout Northern Virginia. Currently, she serves as the Chair of the District Finance Committee. In May 2015, Rev. Dr. Taylor received her Doctor of Ministry from Virginia University of Lynchburg in Lynchburg, VA. Rev. Dr. Donna Taylor is married to Dr. David Taylor, who is also the Director of our church-based free clinic. They have two adult children and three grandchildren. In her leisure time, Rev. Dr. Taylor enjoys traveling, jogging, weightlifting, swimming, yoga, and interior decorating. In May 2015, Rev. Dr. Taylor received her Doctor of Ministry from Virginia University of Lynchburg in Lynchburg, Virginia. Rev. Dr. Taylor was born and raised in New York City and recently discovered her ancestral roots in Guinea-Bissau, West Africa. Rev. Dr. Donna Taylor is married to David Taylor and they have a son and a daughter. Their daughter is a educator and son is an Active-Duty Senior Seaman in the Navy married with three children. In her leisure time, she enjoys traveling, reading, swimming, writing poetry, crocheting and spending time with her family.