The One Thing You Should Take Advantage Of

I regret not utilizing this tool earlier.

“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

Photo by Micheile Henderson on Unsplash

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…