Sunday, December 13, 2009

The Power Of Compound Interest

Albert Einstein is reported to have said: “Compound interest is the most powerful force in the universe.” Regardless of whether he did or not, there is an interesting element of truth to it. You can become a millionaire in your lifetime through compounding. If you can only save one dollar a day and invest it at 12% interest you will have $ 1M in fifty years. The keys are: start saving, convert the savings into investments, start early in your life and/or plan on getting really old and you can become financially independent in your lifetime.

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About the Author

Urban Gavelin a native Swede with more than twenty five years of business experience. He has held positions as director of sales- marketing- and business development on Nordic, European and World Wide levels. Urban has lived and worked in Stockholm, London and New York, now works primarily with leadership development and sales training and is a credentialed coach. He has studied Executive Management at Lausanne Business School and Stockholm School of Economics.

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