If You Want to Get Rich, Trust in the Power of Compound Interest If you're looking to double -- then triple -- your investments, look no further than compounding.

By Phil Town

Opinions expressed by Entrepreneur contributors are their own.

According to Entrepreneur Network partner Phil Town, compounding interest is seriously powerful. Compared to past saving methods like using CDs and money market accounts, compound interest bypasses the growth-killing handicaps low returns and modern inflation. Even historic genius Albert Einstein admitted he never fully figured out the mathematics of compounding -- which describes the concept of starting with very little initial capital and eventually having it increase to an astounding new value.

Even if you can only invest a small percentage of your income every month, the benefits of time and compounding can reveal the long-term power of investing.

Click on the video to hear more from Phil Town.

Related: 7 Habits to to Help You Make Smarter Money Decisions

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Phil Town is an Investment Advisor, Hedge Fund Manager, 2x New York Times Best-Selling Author of Rule #1 & Payback Time, and Ex-Grand Canyon River Rafting Guide. Rule #1 Investing is Warren Buffett style investing, teaching you how to buy businesses on sale, with little risk and 15 percent returns. In fact, Rule #1 investing is practically immune to the ups and downs of the stock market.

More from Phil Town

How to Find a Stock On Sale That's Right for You

3 Bad Investing Habits You Should Drop Before It's Too Late

Nervous About Investing? Think About Your Money This Way.

How to React When a Recession Is Approaching

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