Watch This — The ‘Magic Penny’ Lesson, and How It Can Make You Rich

Watch This — The ‘Magic Penny’ Lesson, and How It Can Make You Rich
Photo by B Calkins / Shutterstock.com

Albert Einstein is alleged to have called compound interest “the eighth wonder of the world.” Although there is little evidence that Einstein actually uttered such a phrase, the sentiment still rings true.

Compound interest has the power to make people of modest means very rich. If you don’t believe it, check out this video by YouTube user Ambit A-Team.

The video vividly reveals the amazing power of compound interest, and how it can make a small pile of dollars grow into a mountain of riches over time.

Have you grown rich thanks to the power of compounding interest? Share your story by commenting below or on our Facebook page.

Popular Articles

The Secret to Getting Dollar Store Items for Free
The Secret to Getting Dollar Store Items for Free

If you know where to look, you can score freebies at the dollar store regularly.

The 10 Commandments of Wealth and Happiness
The 10 Commandments of Wealth and Happiness

I’ve been offering money advice for more than 35 years. Here are the 10 most important things I’ve learned.

17 Simple Home Repairs That Will Save You Cash
17 Simple Home Repairs That Will Save You Cash

Here’s how to cut household costs and maintain your property’s value.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Comments