Albert Einstein reportedly said, “Compound interest is the
eighth wonder of the world. He who understands it, earns it. He who
doesn’t, pays it.” Regardless of whether Einstein uttered these
exact words, the essence of his statement is still immensely
powerful and cannot be disputed. For anyone who wants to build
lasting wealth, understanding and harnessing the power of compound
interest is essential. For the more visual of you, imagine, if you
will, building the bottom part of a snowman....