Ten times my money
Instead of spending, if I invest $1,000 at 8% interest, compounded annually, I will have $2,159 after ten years. That's good.
Then, if I invest that $2,159 at 8% interest, compounded annually, I will have $4,661 after the next ten years. Even better.
Then, if I invest that $4,661 at 8% interest, compounded annually, I will have $10,062 after the next ten years.
Ten times my money.
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