The Money Doctor: The genius that is compound interest

Compound interest can be both a boon and a curse. The Money Doctor, John Lowe, has advice for how to approach it properly.

25th May, 2013
Compound interest is earned by leaving money to earn interest, then leaving that to earn more interest.

When you're earning it, it has the power to make you very rich. When you're paying it, it has the power to make you very poor.

Albert Einstein described it as "the greatest mathematical discovery of all time", and said it was "mankind's greatest invention, as it allows the reliable systematic accumulation of wealth".

It's the reason why banks, building societies, credit card companies and other financial institutions make so much profit from lending money....

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