A short YouTube video by Ndubuisi 'Andy' Egwim encouraging parents to begin investing early for their children. The speaker emphasizes the power of compound interest (called by Einstein the “eighth wonder”) and argues that starting when a child is very young lets investments ‘snowball’ over time.
Now, before we go into the details first, why should you even start investing for your child now rather than later? Why now? Especially if they are just sort of like young, under five? The magic word is compounding, which Albert Einstein, that great scientist of the last century, described as the eighth wonder of the world. So basically, the earlier you start, the more time your investment have to grow. Compound interest means your returns end returns, so your returns earn more returns. And it snowballs over time and it becomes quite big. Imagine planting a seed and watching it grow into a massive tree. Better yet, imagine a whole forest. That's the power of compounding. But it does need time.
