Learn why compound interest is a valuable strategy for building income and growth. Learn also how you can calculate it on your own.
Albert Einstein once said, allegedly, that the most powerful force in the universe was compound interest. Whether or not he truly did, one of the most well-known "secrets" to increasing your wealth is the phenomenon of compound interest. Compounding puts the earning power of money to work for you.
As a savvy investor, you should be thoroughly familiar with the concept of compounding and know some easy ways to put it to use.
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