Compound interest is a fundamental financial concept that can dramatically impact your savings. Unlike simple interest, which is calculated only on the principal amount, compound interest is ...

Compound interest can help turbocharge your savings and investments, or it can quickly lead to an unruly balance, keeping you stuck in a cycle of debt. Its magic can help you earn more — or owe more.

Einstein allegedly called compound interest the eighth wonder of the world. Benjamin Franklin defined it more poetically: ...

If you’re an investor looking to understand the benefits of compound interest, consider the example set by the legendary Warren Buffett. The 93-year-old’s net worth has grown to $137 billion over the ...