Tag: compound interest
-
How one penny a day could make you rich.
Depending on where you are in your journey towards financial success and financial independence, you may or may not have heard this illustrative point before. And if you have, it is a great reminder on the power of compound interest. Here’s the question for you: I am offering you 1 million dollars today. Or you…
-
If you don’t learn to earn this, you will definitely be paying it.
Albert Einstein famously said: “Compound interest is the eighth wonder of the world. Those who understand it, earn it; Those who don’t, pay it”. So why is it so important to understand? Compound interest is the interest on interest, meaning that the interest earned on an investment is added to the principal, and the total…