compound interest

Compound interest will either crush you or lift you up, financially speaking of course. The value of a "rented" dollar over time is wild. I don't want to rent money, I'd love to rent other people money; too bad I'm not a freaking bank! I stumbled upon khanacademy.org; it's dope. I watched the first two lessons under Finance about interest (I also watched one on the Bay of Pigs, that story is nuts!). These particular videos seemed too simple for me, but having the lesson develop in a basic way helped me appreciate the profound lesson. Watch the videos, then pay attention to the difference between 200 bones and 816 American dollars! Holy bejoly! That's a wide chasm. None of the interest I pay on my loans is simple; it's compounding folks. It can be a frightening realization. I'll tell you what, rather than owing Wells Fargo $125,000 and me owing them daily compounding interest, I'd like to have $125,000 in a fund and bank that interest myself. But that's a mortgage for ya huh? No wonder the Church has always counseled to get and stay out of debt. I've always known that making your money make money makes you rich, but now I know it.