- #1
musicgold
- 304
- 19
- TL;DR Summary
- Looking for a natural process that can be used to explain the idea of compounding to an 8 year old. I want to highlight her the cummulative effet of small but regular increments.
She is not ready yet to understand the commonly-used example in the field of finance. I don't want to use the growth of a tree's trunk because the process is too slow.
I have also told her the 'chess board and rice grain story', but in that story the growth rate is very fast, so doesn't have the effect (small but regular increments) I want to show.
Also, it would great if you could suggest a game or simulation that could be useful in this case.
Thanks
I have also told her the 'chess board and rice grain story', but in that story the growth rate is very fast, so doesn't have the effect (small but regular increments) I want to show.
Also, it would great if you could suggest a game or simulation that could be useful in this case.
Thanks