Compound interest

What is compound interest and is it good or bad?

Compound interest is the eighth wonder of the world. Whoever understands it, wins it. Whoever doesn’t, pays. This saying, which some attribute to Albert Einstein, perfectly describes compound interest. What is compound interest? If you have a savings or investment account, it’s money you earn through interest. This is a good thing. If your loan […]

Compound interest

What is compound interest and is it good or bad?

Compound interest is the eighth wonder of the world. Whoever understands it, wins it. Whoever doesn’t, pays. This saying, which some attribute to Albert Einstein, perfectly describes compound interest. What is compound interest? If you have a savings or investment account, it’s money you earn through interest. This is a good thing. If your loan […]