Compound Interest and the Path to Financial Freedom


Most Americans dream of eventually developing a high degree of financial independence. People who want to retire early need to take proactive steps to establish their economic futures. However, it can be difficult for the average consumer to figure out a retirement saving strategy without the help of a financial planner. Not all Americans can afford the services of a finance professional.

The popularity of self-published novels, as well as mass distribution avenues like Instagram, Twitter, and Facebook, has helped to put viable financial information in the hands of a whole new category of consumer. No longer are the untold secrets of economic strategies and financial planning relegated to a select few professionals. Instead, relatively inexpensive resources self-published by experts in the financial sector are helping millions of people to secure their futures and obtain financial freedom.

Compound interest is certainly not a new concept. Historians have found instances of compound interest dating all the way back to the 14th century. The premise behind compound interest is also remarkably uncomplicated; compound interest involves adding previously accrued interest in an account to the equation used to calculate future interest. Savings accounts that offer compound interest calculation can exponentially grow wealth over time.

While the concept is centuries old, financial experts maintain that using compound interest to generate wealth is a kind of “lost science.” In his eBook, “The Lost Science of Compound Interest,” author Curtis Ray walks readers through a set of mathematical principles that he believes help people generate lasting wealth in a way that is both safe and effective. Preliminary reviews for the work have been positive, with several reviewers praising the novel for its simple explanation of complex financial and mathematical ideas.

The President of SunCor Financial, Ray argues that most investors are fundamentally misinformed about the precise science backing compound interest. He’s not alone in his belief in the major real-world applications of compound interest; Albert Einstein famously called compound interest the “eighth wonder of the world.” In the famous physicist’s eyes, “he who understands it earns it.” Curtis Ray’s groundbreaking financial novel delivers an extended explanation of the precise ways that consumers can capitalize on the benefits associated with compound interest.

Curtis certainly isn’t the only popular financial expert advocating the importance of taking advantage of compound interest to build wealth in the long-term. An account using a compound interest model will just barely outperform an account with simple interest in the first couple of years. But as time passes, the gap between the total account balance of a simple interest-bearing account and a compound interest-bearing account grows substantially. After several years, an initial investment with compound interest will have grown substantially more than an investment with simple interest.

This isn’t the end of the story, though. Financial planners disagree on which strategies of compound interest investing are best. Some experts argue that the simplest way to take advantage of compound interest is to invest a moderate amount of money in an account and leave it there for many years. Even an extremely trivial initial investment can turn into thousands of dollars over a period of three or more decades.

Financial planners like Curtis Ray are taking the hidden science of complex finances and making them available to the average investor.