Gravity, the black hole, atomic bombs, nuclear power…
The most powerful force in the universe is none of those things.
The most powerful force in the universe is compound interest.
Compound interest is what will make you rich.
Compound interest is interest that you gain on interest. It is basically when something grows on top of each other, and then does it again. And again.
As you start rolling a snowball, snow keeps being added to the outer layer, then another layer, and another and you soon have the base for a snowman. But it starts with the size of a baseball. Well, that is the power of compound interest.
In investing, your account starts small, then you grow that account. You add more to it and you grow it some more. You continue to grow it, and “wa-lah!”, before you know it you have $1,000,000 in there.
But, this amazing power can go against you as well. Do you have credit card debt, student loans or a mortgage? Well, compound interest is working against you.
But without further adieu, here is the summary of The Greatest Force In The Universe: