Compound Interest was described by Einstein as the 8th Wonder of the world.
14th February 2018
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Compound Interest was described by Einstein as the 8th Wonder of the world. To benefit from the compound effect requires time and patience. Something very few investors practice. Those that master this skill can become extremely wealthy.

When you initially start investing the return is very small. It’s easy to think “it’s not worth my time”. But having the patience to let an invest run will produce enormous results. £2.73 invested per day with annual interest of 14% paid annually will pay more in interest in 6 years than you are investing. Keep reinvesting and by year 10 your £10,000 Investment is worth £20,000. Compound Interest has doubled your investment in 10 years.

The compounding effect can be applied to anything in life. What’s worth your time and patience to master?

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About the Author

Karen N

Member since: 13th September 2017

Wealth Coach, Author and Speaker Founder of The £2.73 Club

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