This thought process can be challenged, and that’s due to something called compounding. The following quote, apparently attributed to Einstein (rightly or wrongly), sums it up aptly ...

Experts particularly like to refer to compound interest as “magic” — legend has it even Albert Einstein was a fan, famously saying “Compound interest is the eighth wonder of the world.

It was the renowned scientist and theoretical physicist Albert Einstein who said, “Compound interest is the ... in one of Buffett’s most famous quotes about knowing he would reach wealth ...

It does not necessarily reflect the view of The Herald. Albert Einstein supposedly described compound interest as the “eighth wonder of the world". To explain how returns can snowball over time ...

In our series of Money Box programmes on The Death of Retirement we talk a lot about the benefits of compound interest. Here's a brief explanation of the concept that Albert Einstein called ‘the ...