Albert Einstein once said: “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” The concept of compound interest is a fundamental principle ...

Understanding the Context

Albert Einstein is said to have called "the power of compound interest the most powerful force in the universe." The story in this posting will illustrate the power far better than I ever could in ... The most powerful force in the world of investing is compound interest. In fact, Albert Einstein once called compound interest the “eighth wonder of the world!” But what is compound interest? Why was ...

Key Insights

Einstein allegedly called compound interest the eighth wonder of the world. Benjamin Franklin defined it more poetically: “Money makes money. And the money that money makes, makes money.” Here’s ... Inc: Why Einstein Considered Compound Interest the Most Powerful Force in the Universe There is an often-told story that when Albert Einstein was once asked what mankind’s greatest invention was, he replied: “Compound interest.” There’s even one claim that Einstein called compound ... Why Einstein Considered Compound Interest the Most Powerful Force in the Universe Compound interest has been around for centuries and has been considered to be the 8th wonder of the world by the likes of Albert Einstein.

Final Thoughts

This concept is similar to investing early into an ISA, it ... Albert Einstein famously cited compound interest as one of the wonders of the world, and thousands of articles and books have been written on that topic over the years. This time I'm taking a slightly ... Albert Einstein remarked, “Compound interest is the eighth wonder of the world. He who understands it earns it. He who does not pays it.” With one brief shining moment about two decades ago, the ...

Daily Herald: Layin’ It on the Line: The power of compound interest If you’re an investor looking to understand the benefits of compound interest, consider the example set by the legendary Warren Buffett. The 93-year-old’s net worth has grown to $137 billion over the ... News Tribune: Dollar Scholar Asks: What Makes Compound Interest so ‘Magical,’ Anyway? CBS News: Compound Interest - The Most Powerful Force in the Universe?