I read with interest the other day that according to Albert Einstein, the 8th wonder of the world isn’t any natural or man-made structure, but is in fact, compound interest. Einstein famously said, “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” And I happen to like this idea, even if I may bore my friends talking about it!
My general interest in the topic extends from a vested interest in pensions, ISAs and other saving mechanisms, but more importantly, now I have a son to consider it bears thinking about in terms of helping prepare for his future.
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