It's just like $1000 compound interest of 10% per month, after
- 1 year: 3138.43
- 2 year: 9849.73
- 3 year: 30912.68 - see the growth
- 4 year: 97017.23 - triple!
- 5 year: 304481.64 - triple again!
This is how powerful compound interest is.
Moral of the story: INVEST when you are young
Do you know why richest people in the world are businessman and investor? Because they understand this theory... They don't exchange time for money.
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