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Compound growth
“When growth itself starts to grow — your money earns growth on its growth.”
A snowball rolling down a hill: each turn picks up more snow, which picks up even more.
— Goldie
Real example
€1,000 at 7% grows to €1,070 in year 1. In year 2, you earn 7% on €1,070 (not €1,000). After 30 years: €7,612.
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