Those are material wealth, but following the path of the love puffs will make you richer than your wildest dreams! It is with the love puffs that the real magic starts. When you get the feelings, you should explode with the magic........Your new homework is to produce the most potent love puffs - stop you from being distracted by trivial things and help focus on the most important area!

Two totally different things. You get componding interest

in a bank account. With a mutual funds, the vale of the fund

can go up or down. You save money in a bank account in

case of emergency. Investing into a mutual fund is for a

long term investment, such as retirement. Contact Schwab

and inquire about starting an investment in their S&p 500

index fund (SWPPX). They will let you start investing with

only $100. Good luck.

google it

I understand what compounding interest is; the magic of compounding, of course! When you deposit a certain amount of money and it stacks on itself annually, more depending on the amount deposited at the beginning and the amount deposited monthly, or annually, if any.

However, I don't understand what mutual funds are. I'm reading on it now and I'm being told instances such as "starting when you're 20, depositing $50 a month until you're 65 and you'll be a millionaire". I don't understand. Do you?