The One Thing You Should Take Advantage Of
I regret not utilizing this tool earlier.
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“Compound interest is such a powerful tool that Albert Einstein once called it the most important invention in all of human history” — Tony Robbins
Let your money grow by compounding
When it comes to the world of investing, compound interest can be your best friend. You don’t have to be rich to be an investor. You invest to be rich. No matter how little an amount is, if invested properly, it can help you reach your financial goals sooner than you think. It doesn’t matter if you have a dollar or a thousand dollars to start with, the important thing is to begin as early as you can and let the power of compounding blow your mind.
Here’s Tony Robbins’ example assuming you’re able to double your one dollar every year for 20 years:
After year one, you’ve doubled your dollar to $2.
Year two: $4
Year three: $8
Year four: $16
Year five: $32
..
..
..
Year 20: $1,048,576
It’s for you to decide whether you want to waste your chance to grow your money or start compounding.
Own a healthy lifestyle
Many of us want to be healthy and fit but not everyone is for one reason — we have no time to exercise. The truth is, we don’t make time to exercise. The reason for this is because we want immediate results. When we don’t see any improvement, we stop making an effort to continue what we’re doing. You may not see yet the results but if you apply compounding in this area of life, something will happen.
Same with investing, you don’t have to spend a crazy amount of time on your workout to make use of the power of investing. For example, if you decide to exercise for 30 minutes a day, you will not see the results for a while. But something inside your body must be happening. Your muscles remember the little amount…
