In schools and colleges, we were taught simple and compund interest. I wondered at that time why on earth these will help me. After entering the field of finance, I got to know the power of compunding.
Compound interest is 8th wonder of the world, those who understand it, earn it and those who don’t understand, will pay it.
Albert Einstein
How should we take advantage of it
- Start investing early
- Know which asset classes will fit you and how well it will compound and create wealth for you
- Discipline and consistency wins always
