Category: Bookkeeping
-
Compound Interest: The 8th Wonder of the World by Bryan Melvin Financial Fluency
A criticism of Dave Ramsey’s form 2553 approach to financial advice is dismissed without consideration; after all, he’s the successful author. He didn’t like the militaristic nature of his schools, where pupils were not encouraged to ask questions, and learning was affected through rote memorization. The young Einstein had no interest in this type of…
-
economics Did Einstein ever remark on compound interest?
This financial concept, unlike the traditional wonders, works quietly in the background. Yet, its power lies in its ability to transform even small investments into significant wealth over the long term. It’s this exponential growth potential, where your money earns interest on itself, that makes compound interest a true wonder of the financial world. Despite…