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

You’ve heard about it often enough, most likely when choosing a 401(k) investment, but compound interest can multiply your money. The name of the game with compound interest is time, and the more of ...

Compound interest refers to the returns that you earn on interest. The impact of it grows significantly over long time periods. Investment vehicles like CDs, high-yield savings accounts and money ...