Albert Einstein called compound interest the eighth wonder of the world—and for a good reason! It allows your money to grow exponentially over time.How It WorksCompound interest means earning interest on both your initial investment and the accumulated interest. For example, if you invest $1,000 at a 10% annual return, in year one, you earn $100. In year two, you earn interest on $1,100, and so on.Why You Should Start EarlyThe earlier you start, the greater the effect of compounding. A $1,000 investment growing at 8% annually becomes about $10,000 in 30 years! But if you wait 10 years to start, you’ll earn significantly less.How to Take Advantage of ItInvest consistently – Even small amounts add up over time.Reinvest earnings – Allow your returns to generate more returns.Be patient – Compound growth works best over the long term.Time is your biggest advantage—start investing today!
