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You know how people like to talk about the theory of compound interest. Isn’t it great to see how it works in real life? Here are a few examples. How will you use them to improve the future financial fitness of that special child in your life?

endIndex: (CNN) — Deciding whether to rent or buy a home can have you talking yourself into financial circles. "Take advantage of low mortgage rates and build equity!," your "buy" brain says. "Have flexibility and keep your costs of getting in and out low!," your "rent" side says. Ultimately, the decision comes down to your financial fitness, how long you plan to live in the home and what your cash flow looks like. While the number of home purchases reached a 14-year high in 2020, prices also went up considerably. Meanwhile, with so many people leaving major cities, landlords have been le...