Start investing early for compound interest from "summary" of Rich Dad Poor Dad by Robert T. Kiyosaki
One of the most important lessons I learned from my rich dad is the power of starting to invest early. He always emphasized the concept of compound interest, which is the idea that your money can grow exponentially over time if you start investing early and let it compound. Compound interest works by generating earnings on both the initial amount of money you invest and on the interest that money earns over time. This means that the earlier you start investing, the more time your money has to grow and compound. It's like planting a seed and watching it grow into a tree over time. My rich dad often used the example of two friends, one who started investing early and another who started later in life. Even if they both invested the same amount of money, the friend who started earli...
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