What if your money could work for you while you sleep? What if you could turn small investments into a fortune over time? The secret lies in compound interest —a powerful financial concept that allows your wealth to grow exponentially over time. Albert Einstein famously called compound interest "the eighth wonder of the world," stating: "He who understands it, earns it… He who doesn’t, pays it." In this blog, we will explore: ✔ What compound interest is and how it works ✔ How to start benefiting from compound interest ✔ How to balance risk and profit ✔ Common mistakes to avoid What is Compound Interest? Compound interest is the process of earning interest on both your initial investment (principal) and the interest you’ve already earned. This creates a snowball effect, where your money grows faster over time. 💡 Formula for Compound Interest: A = P ( 1 + r / n ) n t A = P (1 + r/n)^{nt} Where: A = Final amount after interest P = Principal (initial investment) r ...