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Where Does Compound Interest Have The Most Impact In Your Finances?

Compound interest is such a fundamental and crucial component of personal financial management that Albert Einstein once evidently called it the “eighth wonder of the world.” But where exactly is this seemingly magical formula most effective in impacting your finances?

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Compound Interest Have The Most Impact In Your Finances

The impact of compound interest, thus, heavily depends on whether you're saving or borrowing and your strategic management in both scenarios.