It's a simple but extraordinarily powerful force that anyone saving or going into debt should understand, says Tom Stevenson ...

Compound interest allows money to grow exponentially by earning interest on both the initial principal and accumulated interest. A $1,000 deposit at a 4% annual rate grows to $1,040 in one year, then ...

Financial security in retirement requires early and consistent investment, leveraging compounding interest to maximize ...

With a little patience and a big helping hand from compound interest, it's not that difficult to turn $5,000 into $1 million.