[00:00] actually spend your money on will be on investment. Now, you see investment are one of the most important things you must prioritize with your money. And that is because investing your money can have a significant impact on your
[00:13] involves you putting your money into like assets with the expectation of generating a return or profit over a particular period of time. So, it simply means maybe you invest your money in a property, a coin, a stock, or whatever,
[00:27] profit for you. And when you're investing, there's also something called compounding, whichever way you want to call it. Now, you see the power of compounding allows your investment to grow exponentially over the years. So,
[00:42] what this basically means is that let's assume you invest let's say $1,000 today to get 20% returns after 1 year. Now, you see at the end of your investment, you now have $1,200. Now, you see with the power of
[00:54] compounding, instead of investing $1,000 back into that investment, you now invest $1,200 for 20% returns, and then you get $240 made more profit than what you made in
[01:08] the first year. So, that's the power of compound interest, and it goes on like that every time you apply it. It is one of the best ways to get more returns or you also need to know that it can make more money for you only if you start
[01:21] investing as early as possible. You have different options like stocks, you have index funds, you have real estate, you have crypto. You have a lot of different investments out there. But, what you need to know is that each of these
[01:35] important that you diversify your portfolio and do your research very, very well before you put your money into any form of investment.