Compound interest can help turbocharge your savings and investments, or it can quickly lead to an unruly balance, keeping you stuck in a cycle of debt. Its magic can help you earn more — or owe more.

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

The path to wealth often lies not in grand financial gestures, but in understanding and harnessing simple mathematical principles. Compound interest stands as one of the most potent wealth-building ...

Compound interest refers to the returns that you earn on interest. The impact of it grows significantly over long time ...