Who is your best friend when it comes to investing?

You might say it’s your financial advisor, your parent, a relative or maybe even a mentor who has had great financial success.

Think again…

Your best friend when it comes to investing is: Compound Interest

People who are new to investing often wonder what is compound interest, or why is compound interest important.  I’ve touched briefly on the subject of compound interest in a past post but I feel it is so vital to creating long term wealth that I am circling back to it again.

Money can be made and lost.  However, time cannot.  Each of us has only a finite amount of time here on Earth to build up a financial wealth.  Mr. Time is your next best friend.

Check out the following article which shows a visual representation of how Compound Interest and Mr. Time can work together to create a substantial amount of financial wealth for oneself.

http://finance.yahoo.com/news/every-25-old-america-see-200000319.html

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