This is an excerpt from Dollar Scholar, the Money newsletter where managing editor Julia Glum teaches you the modern money ...

When it comes to teaching kids about money, one of the most powerful concepts to introduce is compound interest. Simply put, compound interest is the process where the interest earned on an amount of ...

Compound interest occurs when the interest you earn on investments begins to earn interest on itself. Time is the biggest ...

Allowing your money to grow over time is one of the best ways to build wealth. It's possible to reach $1 million by steadily investing a portion of your income. Most experts recommend saving 15% of ...