The concept of compound interest was described by Albert Einstein as the 'eighth wonder of the world.'
✓ TRUE FACT
This quote is widely repeated, but hard to verify as an authentic Einstein statement. Regardless of attribution, the math is real: at 7% annual compounding, money roughly doubles about every 10.3 years (close to the Rule of 72 estimate of ~10.3).
🤯 "The concept of compound interest was described by Einstein as the 'eighth wonder of the world.' Which is rich coming from a guy who never paid off a mortgage."