6 Remarkable Stories of Compound Interest Powering Generational Wealth

2. The Power of Starting Early

Compound interest is most effective when given time to work. The story of Grace Groner is a perfect example. In 1935, Groner bought three shares of Abbott Laboratories stock for $180. She held onto these shares for 75 years, reinvesting the dividends. When she died in 2010, her initial investment had grown to $7 million. Groner's story underscores the importance of starting early and the incredible wealth that can be generated with time and patience.