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Einstein and Buffett can't be wrong: utilising a 'financial miracle'

Compound interest can either make or break your finances, depending which side of the financial equation you're on.

AI-generated image of Albert Einstein with a calculator and houses in the background
Albert Einstein recognised the wonder of compound interest and saw it as a source of wealth or impoverishment. (Image source: AI-generated)

Most Australians don’t understand compound growth/interest and it’s one of the biggest failings of our education system.

Albert Einstein, one of the world’s most famous physicists and mathematicians, once described compound interest as the Eighth Wonder of the World, saying “he who understands it, earns it … he who doesn’t, pays it.”

Warren Buffett, universally regarded as the most successful modern-day investor, concurs.

“My wealth has come f…

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