Economics
Time Value of Money
Quick fact
If you had invested $1,000 in the S&P 500 in 1980 and let it compound, by 2023 it would have grown to over $50,000—proving that a dollar in the past is worth far more than a dollar today.
Why this is interesting
Would you rather have $100 today or $100 in a year? Most people choose today, but the real reason isn't impatience—it's that money can grow if you have it now.