This week, Monika dives into the power of compound interest. Learn how simple investments can yield extraordinary returns over time, and discover the dual nature of compound interest both as a wealth-building tool and a cautionary tale for managing debt wisely.  From weighing the pros and cons of taking educational loans to early aspirations of earning and building towards a secure financial future, Monika takes on your questions about navigating the complex world of finances. Tune in as she offers her expert guidance, discussing the importance of financial planning, debt management, and smart investment strategies.  Chapters: (00:30 - 05:08) The Power of Compound Interest (05:22 - 06:38) Opt for an Educational Loan or Let Parents Pay? (06:40 - 08:07) Entering the Day Trading Market as an Adolescent (08:10 - 09:52) Helping Parents Manage Loans (09:55 - 11:55) Building an Emergency Fund and Saving for the Future If you have financial questions that you’d like answers for, please email us at [email protected]  Monika’s book on basic money management https://www.monikahalan.com/lets-talk-money-english/ You can find Monika on her social media @monikahalan.  Twitter @MonikaHalan Instagram @MonikaHalan Facebook @MonikaHalan This is a Maed In India Production; check us out at www.maedinindia.in Creative Director: Mae Mariyam Thomas Project Manager: Shaun Fanthome Head of Audio: Kartik Kulkarni Producer: Meghna Gulati  Sound Editor: Lakshman Parsuram Artwork: Alika Gupta