How To Make Compound Interest Work Even Better For You | by Segun Ojediran, MSc

Why one particular investor realized a 700% return on investment in just one year.

Photo by Andrea Piacquadio from Pexels

Compound interest is powerful. It turns ordinary people into millionaires and helps the rich create even more wealth. The best part is that it happens while they do nothing! Albert Einstein once called it “The eighth wonder of the world.But a closer look at the formula opens up a whole new world of possibilities and reveals how this amazing tool can be used even more effectively.

This idea shows why Warren Buffett realized more than 99% of his wealth after the age of 52; it reveals why a certain retail investor octupled (8x) his money in a year and also why big banks can make hundreds of millions of dollars in a single day.

Here is the compound interest formula:

It has four main components:

  1. Future value (FV)
  2. Time

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