“Compound interest is the eighth wonder of the world. He who understands it earns it; he who doesn't, pays it”. Who do you think would have said this?
Well, if you think it might be a quote from an entrepreneur or a businessman, you are wrong. Albert Einstein is the person who reportedly said this regarding compound interest. Interesting, isn't it?
Well, if you want to know more about the importance of compound interest, make sure to stay with us till the end.
Hey everyone! Welcome to Millionaires Mind. In this video today, we will discuss what exactly compound interest is and why it is considered to be the 8th Wonder of the world. This is surely going to be one heck of a video, but it will also be crucial for anyone who wants to maximize their own finances!
Chapters:
0:00 Intro
0:48 What is Compound Interest?
2:25 1. It Makes Use Of Momentum
3:19 2. It Can Turn An Average Person Into a Millionaire
4:06 3. It Allows You To Have Peace of Mind
4:40 4. It Makes You a Person With Immense Patience
5:30 5. It Teaches You Discipline
6:28 6. It Can Guarantee a Secure Future For Our Kids
Disclaimer: We are not financial advisors, any information provided in this video is for entertainment purposes only, for any investment advice please speak to a qualified financial advisor. Millionaires Mind and the author of this content excepts no responsibility for any financial loss. Do your own research before investing in anything be it business, stock shares or any financial vehicle.
