Compound Interest: The Eighth Wonder

Einstein (allegedly) called compound interest the eighth wonder of the world.

The Math

If you invest $500/month at 8% annual return:
- After 10 years: $91,473
- After 20 years: $274,572
- After 30 years: $680,191

Key Takeaway

Time in the market beats timing the market. The best time to start investing was 10 years ago. The second best time is today.