Albert Einstein once called compound interest the eighth wonder of the world, emphasizing its incredible power to grow wealth over time. He said, “He who understands it, earns it; he who doesn’t, pays it.” This principle, combined with the Rule of 72, can turn small, regular savings into substantial sums. The Rule of 72 is a simple formula to estimate how long it will take for an investment to double at a fixed annual rate of return. Just divide 72 by the annual interest rate. For instance, if y
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Albert Einstein once called compound interest the eighth wonder of the world, emphasizing its incredible power to grow wealth over time. He said, “He who understands it, earns it;
Steve Saxton Mortgage Lender. . Albert Einstein once called compound interest the eighth wonder of the world, emphasizing its incredible power to grow wealth over time. He said, “He who understands it, earns it; he who doesn’t, pays it.” This principle, combined with the Rule of 72, can turn small, regular savings into substantial sums ...
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