Einstein says "compounding is the 8th wonder ofthe world! He who knows it enjoys it while he who doesn't know it looses it". This is also cited by Warren Buffett in an interview on how he grows his wealth.
Take a chess board 8x8 square and put one grain of rice on the first square then for every subsequent square DOUBLE the amount.
1,2,4,8,16,32,64, ... etc How much would you haveat the end of 64 squares? What is the final number? Is it 1 million? 1 billion? 1 trillion?
No! The answer is 18 quintillion! That is a massive amount! THAT IS THE TRUE POWER OF COMPOUNDING!
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