Compound interest is often called the “eighth wonder of the world” because it’s amazing. It’s a simple idea, but it can make a big difference. Understanding compound interest can change how you think about saving and investing money. It can help you build wealth over time. Compound interest means earning interest on both the money you save and the interest you already earned. This makes your money grow faster. In this guide, we’ll explain what compound interest is, how it works, and why it’s important for your financial future. It’s like magic for your money. What Is Compound Interest? Compound…