Compound interest is the eighth wonder of the world. “He who understands it, earns it… he who doesn’t… pays it.” ― Albert Einstein. Warren Buffett has said that compound interest is an investor’s best friend and compared building wealth through interest to rolling a snowball down a hill. A simple way to see the effect of compound interest is ‘The Rule of 72’. It’s a simple yet effective tool that… Read More »The 8th Wonder of the World
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