Compound interest working AGAINST you:
If you had $15k of credit card debt with an interest rate of 20% and you paid $250 a month it would take you 30 years to pay it off, and you’d pay over $75,000 in interest.
Compound interest working FOR you:
If you invest $15,000 and leave it alone for 40 years at 10% interest, you’d have over $800k.
If you added $250 a month to that investment you’d have $2.4 million dollars in 40 years.