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.