If you want to become a millionaire, the compounding interest is the greatest investing tool possible on the planet. Period. There are 3 periods at the end of this sentence. I don’t think that it can be emphasized any better than this. The only thing you can do to make it better is sooner you become friends with it, the more this friend works in your favor. The saying that old friends are more dependable applies very aptly in this case. In fact, this friend of yours gets better and more better with time, and anyone can be friends with it.
The great Albert Einstein once said “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”
If still wondering, what is compound interest, it is interest earning interest.