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Embrace the power of compound interest to grow your wealth over time from "summary" of Financial Freedom by Grant Sabatier
Compound interest is one of the most powerful forces in the universe. It has the potential to grow your wealth exponentially over time, without you having to lift a finger. By simply investing your money wisely and allowing it to compound, you can watch your wealth grow at an astonishing rate. The key to harnessing the power of compound interest is to start early and be consistent. The earlier you start investing, the more time your money will have to grow. Even small investments made consistently over time can add up to a significant sum, thanks to the magic of compounding. Imagine you invest $1,000 today and it grows at an average rate of 7% per year. In 10 years, your investment will have grown to over $1,900. In 20 years, it will ...
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