You can find this post published on our WEBSITE as many other articles . Here is the LINK Every day we hear financial concepts on the street, in the news, newspapers, and conversations. But they are not always perfectly understood since financial education in almost all countries has been and continues to be very low. Therefore, we want to present to you in a very brief and simple way the meaning of some of the basic financial concepts so that you can speak, read and ultimately understand simple economic concepts. Interest: Simple vs. Compound Interest is the cost of borrowing money or the reward for saving it. Simple Interest: This is calculated only on the initial amount, known as the principal. For example, if you invest $100 at a simple interest rate of 5% per year, after one year, you will earn $5. The interest earned each year remains constant. Compound Interest : This is calculated on the principal amount and also on the accumulated interest of
Passive Income as investment key to reach Financial Freedom