#947: Investing explain

Ponytail: Sure, 2% interest may not seem like a lot. But it’s compound!

[Ponytail turns around and opens a computer on a previously unseen desk and begins calculating.]

Ponytail: If you invest $1,000 now, in just ten short years you’ll have…

Ponytail: …let’s see…

Ponytail: …$1,219.

Ponytail: Ok, so compound interest isn’t some magical force.

Megan: Yeah, I’m just gonna try to make more money.