Quote by Albert Einstein

Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.

Compound interest is the eighth wonder of the world. He who

Summary

This quote by Albert Einstein highlights the power and impact of compound interest. It describes compound interest as the "eighth wonder of the world," emphasizing its ability to exponentially increase wealth over time. It suggests that those who understand and utilize compound interest effectively can earn significant financial gains, whereas those who fail to comprehend it or make wise financial decisions may end up paying the costs of interest instead. The quote serves as a reminder of the importance of understanding and harnessing the power of compound interest in building and growing wealth.

Topics

Finance

By Albert Einstein

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