There's one good reason why you should take advantage of having time on your side - the power of compound interest. Simply defined, compound interest helps your savings grow even faster. That's because you're earning interest on the money you're saving, plus you're earning interest on the interest..

I recently came across an excellent video on the topic of 'Power of Compounding' and thought of sharing this with you all.

This video is from IDFC securities and explains the concept of Compounding very beautifully in simple and easy to understand manner.