![]() ![]() But as the snowball rolls, it picks up more snow and grows larger and larger. When you are first starting out, you need to work hard to shape it and form the foundation. He who doesn’t pays it.” In that one simple statement, Einstein summed up the greatest tool that any long-term investor can possess: time.įor most people, compound interest investments are the surest way to exponentially grow their wealth. ![]() The best way to benefit from compound interest is to start as early as possible.Īlbert Einstein once said that “compound interest is the eighth wonder of the world.Simple interest only calculates interest on your principal.Compound interest is when you earn interest on your interest, and this can benefit your investments but amplify your debts.Most investment assets like stocks, ETFs, and mutual funds can provide compound interest and growth.
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