And compound interest is the eighth wonder of the world, but when it's working against you, you can't beat it.
But compound interest is a wonderful thing to have on your side and a terrible thing to have working against you.
of compound interest , which is a hard one to talk to a 14-year-old about.
that compound interest works.
You're getting compound interest .
Everyone should have a compound interest account in the bank.
Harnessing the power of compound interest .
Everybody understands compound interest and the key thing is-- and humans evolved to be hunter gatherers.
The miracles of compound interest mean that you're gonna get a fair chunk of money if a thousand dollars is going into an investment account.
up it’s like compound interest , the numbers can be astounding when you start creating these little innovations that can lead to big changes.
Because of the miracle of compound interest , many Global South nations have been paying debts off many times over.
We're not talking about compound interest today.
So he intuitively understood the power of compound interest .
And we cannot conceive of compound interest .
So there's this idea that compound interest is the eighth miracle of-- is the eighth wonder of the world.
It's like if you think about the miracle of compound interest .
But here's the thing-- feedback is like compound interest to our talent bank account.
This is great, compound interest .
You know compound interest and compound return is just-- it's staggering.
So compound interest requires patience.
And then you keep reinvesting the growth from compound interest and over time.
I was planning to come in here and talk about some boring compound interest .
And I on the outside, I had a compound interest table.
But these kids weren't, and so compound interest tables are important.
There's a million compound interest charts, and none of us invest.
You know, one of the simplest ways to build wealth over time is by earning compound interest on your money.
There's this quote from Albert Einstein that says, "Compound interest is the eighth wonder of the world.
And that doesn't seem like too much, but compound interest means that about every 20 years, your money halved in real buying power.
And one of the great lessons that young investors-- and a lot of you guys are still very young-- can learn are the compound interest tables.
And the interesting thing about that is, if you just think about the law of compound interest , that instead of growing at 5% a year,
Einstein said it was the most powerful force in the universe, compound interest .
Einstein further went on to say, that those who understand compound interest earn it and those who do not understand it pay it.
We're taught things like, if I show you this compound interest chart, then you're going to realize how important it is to start investing.
I always tell, if you're 20-something and you put $5 a day away in a compound interest , you will be a millionaire by 50.
Even if you want to go into economics, financial literacy, you need to know algebraic functions if you want to model things like compound interest .
If you can make mid-teen returns-- wouldn't make 40% or 50% annualized returns, but in mid-teens returns, if you know compound interest tables,