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Compound Interest Formul The Magic Formula For Becoming Rich And Building Wealth

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Compound Interest Formula - The Magic Formula for Becoming Rich and Building Wealth
By Keelan Cunningham | Submitted On February 14, 2011

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Expert Author Keelan Cunningham
When it comes to becoming rich / building wealth and the importance of regular saving and investing, you simply can 't afford not to talk about the power of compound interest. You know, I 'm not sure if you can get rich quick (unless your definition of quick is 10 years or so); however, if that is your goal, then Compound Interest is the magic bullet of your savings and investing strategy.

Compound Interest - The 8th Wonder of the World

Albert Einstein famously referred to it as the 8th Wonder of the World and even went as far as saying that "the most powerful force in the universe is compound interest". Einstein, you could say, was smarter than the average bear!...so if he thought that there 's got to be something behind what he called the "greatest mathematical discovery of all time". For something so powerful, the maths behind compound interest is truly very simple. It is just interest earned on top of principal and interest i.e. interest accruing not only on the initial

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