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Smart women understand the power of compound interest from "summary" of Smart Women Finish Rich by David Bach
Compound interest is a magical force that can work for you or against you, depending on how you use it. When you save or invest money, you earn interest on the principal amount. Compound interest takes this concept a step further by allowing you to earn interest not only on your initial investment but also on the interest that has been added to your account. This means that over time, your money can grow exponentially, thanks to the power of compound interest. The key to taking advantage of this powerful tool is to start early and be consistent in your saving and investing habits. By doing so, you can harness the power of compound interest to build long-term wealth and achieve your financial goals. Many people underestimate the power of compound interest, but smart women understand ...
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