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UNIT 2: Time value of money and interest:
This unit dives into how money grows over time and how smart choices like saving early, using credit wisely, and managing debt lead to long term wealth. It’s all about understanding the relationships between money, time, interest, risk, and reward. In the end, it teaches you to see money as something you build a relationship with, not just something you spend.
The video shows how compound interest works by comparing two people: John, who takes out his interest each year, and Lisa, who lets it grow. Over 30 years, Lisa’s money grows much more because she earns interest on her interest. The key idea is that letting money compound helps it grow faster and bigger over time.
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