The most powerful force in the universe is compound interest.
--
Albert Einstein
Related quotes (
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An investment in knowledge pays the best interest.
Tis against some men's principle to pay interest, and seems against others interest to pay the principal.
Doing a budget means learning an ancient and powerful word: no.
I do recommend that most people sell the car with the most debt on it.
I tell everyone never to take more than a fifteen-year fixed-rate loan, and never have a payment of over 25 percent of your take-home pay. That is the most you should ever borrow.
Money is like a beautiful thoroughbred horse - very powerful and always in action. But unless this horse is trained when very young, it will be an out-of-control and dangerous animal when it grows to maturity.
Twist and wring out the budget, work extra hours, sell something, or have a garage sale, but quickly get your $1,000. Most of you should hit this step in less than a month.
Social security was never intended to be a retirement plan. At most, it was designed to provide an income supplement.
Money is not the most important thing in the world. Love is. Fortunately, I love money.
I calculate how much my current purchases are costing my future self. I use 7% interest. Spend $100 today? I'm taking... $350 from myself in 20 years. $1,000 from myself in 35 years. $3,000 from myself in 50 years.
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