“Break Free: 7 Costly Habits You Must Ditch Now to Master Your Financial Future!”
3) Ignoring the power of compound interest
Einstein once said “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”
He had a point. It’s a potent force that can either work for you or against you when it comes to your finances.
Compound interest is when you earn or owe interest not only on the initial amount of money but also on the interest accumulated over time. When it comes to saving and investing, it can significantly increase your wealth.
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