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The Secret to Long-Term Wealth

By Eryn (Eryn-tern) Ratcliffe – Aug 1, 2016 at 10:02AM

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Would you rather, for one month, get $1,000 each day or a magic penny that doubles each day? A look at how compound interest works.

Finding the perfect stock is every investor's dream, but too many people spin their wheels instead of simply diving in. And that delay can be costly.

The biggest determinant of your long-term financial success is not timing the market, it's time in the market. The sooner you get started, the sooner your money starts working for you. Here's a look at the magic behind compound interest ... and what it can mean for you.

This infographic was put together by Eryn Ratcliffe, one of The Motley Fool's awesome interns during the summer of 2016. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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