Albert Einstein is often credited with saying, “Compound interest is the 8th wonder of the world.” While it’s unknown if he actually said this… I definitely think the phrase is true!
The purpose of this blog is to shock and awe you with examples of how beautifully money can grow and compound if invested and JUST LEFT ALONE.
In every example, I use a 7% long term rate of return. Not too optimistic… not too conservative… should be just right. 😊
The moral of the story here is, invest and invest early!! If you worry that it is too late for you… it’s not. The best time to plant a tree is 20 years ago… the next best time is RIGHT NOW!
Compound interest doesn’t care if you are rich, poor, Black, White, purple, or anything else. Compounding works the same magical way for everyone. That’s what I love about it. <3