Mignon McLaughlin Quotes

Albert Einstein when asked what he considered to be the most powerful force in the universe answered: Compound interest! What you have become is the price you paid to get what you used to want.

Most great fortunes are built slowly. They are based on the principle of compound interest, what Albert Einstein called, "The greatest power in the universe."

A penny here, and a dollar there, placed at interest, goes on accumulating, and in this way the desired result is attained.

The longer you hold a dollar, the longer you hold money, the more valuable it becomes over time. So the younger you are, the more ability you have to hold money longer term.

Pay attention to the big themes because that's what will help you earn ten times your money.

I'm making my money make money.

The real key to wealth is the gradual accumulation, it's something Jesus talked about I call the law of use and you couple with the exponential curve.

You know the rule of 72, divide the number into 72, any number you want, and that's how long it will take your money to double.

In the long run, it's not just how much money you make that will determine your future prosperity. It's how much of that money you put to work by saving it and investing it.

Money makes money. And the money that makes money makes more money.

Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things.

Economy is a savings-bank, into which men drop pennies, and get dollars in return.

The time to save for the future is now. Thanks to compounding interest, the earlier you start putting money away for the future, the more you will save.

The key to making money is to stay invested.

The rich continue to get rich the same way they always have - by understanding how money works and making their money work for them.

Compound interest is proof of gods existence.

Investing is for wealth preservation, not wealth creation, so first you have to make wealth.

I have a problem with too much money. I can't reinvest it fast enough, and because I reinvest it, more money comes in. Yes, the rich do get richer.

Year after year the Banker's slice of the world's asset baskets has been growing and growing. The Banker has become almighty.

Enjoy the magic of compounding returns. Even modest investments made in one's early 20s are likely to grow to staggering amounts over the course of an investment lifetime.

The best way I know to get rich long-term is to invest prudently and conservatively and not try and get rich quick but try and get rich slowly, basically.

The earlier you invest, the higher that attrition rate is because it's compounded. We have a more scientific method of investment.

If you work for money, you give the power to your employer. If your money works for you, you keep and control the power.

You will never be powerful in life until you are powerful over your own money. How you think about it, how you feel about it and how you invest it.

If you're going to buy something which compounds for 30 years at 15% per annum and you pay one 35% tax at the very end, the way that works out is that after taxes, you keep 13.3% per annum. In contrast, if you bought the same investment, but had to pay taxes every year of 35% out of the 15% that you earned, then your return would be 15% minus 35% of 15%-or only 9.75% per year compounded. So the difference there is over 3.5%. And what 3.5% does to the numbers over long holding periods like 30 years is truly eye-opening.