“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it” — Albert Einstein
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In this quote, Einstein is expressing admiration for the power of compound interest. He refers to it as the “eighth wonder of the world”, suggesting it is as remarkable and impactful as the other famous Wonders of the World.
His message is that those who take the time to understand how compound interest works will know how to earn it (such as by investing), whereas those who do not make the effort to comprehend it will end up paying it (for example, by taking out loans and paying interest).