May differ in your area.If you can find buildings that truly return all of the purchase price in 3 years of profit (non-compounded!)

So, you have to get started with that savings soon to get the power of compound interest.

Even at 5%, though it maybe a small yield, if I keep putting money in and letting it compound I could maybe get started in 5 years or less.

Now with the foreclosure issues, it's only compounded.

If you could borrow 50k for 5 years at 8% simple interest with monthly payments or 50k and 9% compounded annual interest, with no payments until one lump sum at the end of 5 years, which option would you choose and why?

You could even let it compound to make it more attractive.Just make sure you present a well documented plan with your request.

Compound interest is the eighth wonder of the world.

When you start getting successful and have that nice big fancy house, cars maybe a big boat, travel trailer all on your compound, Jealousy can throw people on the fence of rational behavior overboard after they find out you're "rich".

To start we are offering an 8% return compounded annually.

However, if you make a mistake, it can compound your current financial problems.