Would you like a million dollars OR a penny that doubles every day for a month? A million dollars is nice, but a penny that doubles every day will be worth for more. In fact, over 30 days, that penny grows to more than $5 Million Dollars! And if it's October and you have 31 days... yup, $10 Million Dollars! Interestingly enough, up to 25 days, it's not even $100,000. But then, with just a few more days and TIME, the money starts to explode in value. That's why sticking with an investment plan and adding dollars over TIME is so valuable and also why so many people fail without a plan. They don't see results real soon, so they pull out, sell, spend and get away from the plan. Wealth accumulation is a long-term plan. Put money away, preferably in tax deferred and tax free environments and let the magic of compounding growth and time make your money explode! Compounding growth is Moneys best friend and TIME is compounding growths strength.
Top Residential Lender and Certified Mortgage Planner gives basic money concepts.
Find and read more great financial concepts and resources.
Comments(0)