My best investment move was ticking one particular box
So why is this income stuff so powerful? Because from your very second dividend payment, you’re earning money on money you didn’t even have to save yourself. You’re earning on your earnings.
Nicole Pedersen-McKinnon’s new Money Secrets special-edition magazine
This is what the finance nerds call “compounding”. I like to call it “the snowball of investment success”. Albert Einstein supposedly went even further and named it the eighth wonder of the world.
Well, whether he actually said it or not, Einstein apparently claimed: “He [or she] who understands compound interest earns it; he [or she] who doesn’t understand it pays it.”
That’s the difference between investing – where you hopefully make extra money as a result…
