Compound Interest: The Formula to Make You Rich
One of the formulas for financial success comes from is compound interest.
If you invest your money carefully overtime with a form of compound interest it will make you rich.
When you let money accumulate with compound interest over a long enough period of time it increases more than you can imagine.
Einstein Quotes on Compound Interest
“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”
“the greatest mathematical discovery of all time.”
“The most powerful force in our society.”
Rule of 72
This is the calculation of your money doubling at any interest. It would look like this.
Years to double = 72 / interest rate
You divide the interest rate with the number 72. You don’t have to be a mathematically genius such as Albert Einstein was to understand how this works. It’s pretty simple, you can see an example of Rule 72 here.
4 Wealth Tips
I listed below 4 wealth tips to help you with compound interest. I was inspired to write about Compound Interest when I first listened to The 21 Absolute Unbreakable Laws of Money. I highly recommend listening to this audio. Enjoy these great wealth tips.
Tip 1 – The Law of Expectation
Tip 2 – The Law of Attraction
Tip 3 – The Law of Correspondence
Tip 4 – The Law of Abundance
Does Your Money Compound?
The man of the one hundred dollar bill understood compound interest. Why do you think he said,“A penny saved is a penny earned?” ~Benjamin Franklin Are you currently taking advantage of compound interest? Share your thoughts on compound interest.
“Your income grows as you grow personally and professionally.”
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