To throw a little bit of high #school-related #math on the reader that might not be as familiar with the concept of compounding interest, To put it briefly, that “magical penny” will be worth over five million #dollars on day 30. On day 20, you are looking at only a hair over five thousand dollars. What does this tell you? Good investments, a good plan, and discipline are all secondary keys to achieving compounding interest, whereas TIME is the most valuable asset of all. So, if you are telling yourself that you will put aside money for tomorrow, or when you “get to that priority”, instead of today (disclosure: being debt-free outside of a #mortgage is still a key here in our minds), you are putting yourself at a huge disadvantage. Here is a list of ten summarized and simplified reasons why compounding interest is so valuable: It is the great equalizer – it does not discriminate and anyone can achieve this. Momentum is utilized, and this can be psychologically and emotionally beneficial as well. It can and does create Everyday Millionaires (EDMs). Patience is taught – and you know that cliché about it being a virtue overall. It lets you sleep good at night. (Just like a healthy emergency fund.) It is your friend even if your income is statistically average or below-average. It teaches and rewards discipline. It separates those who are savers from those who do not save. Allows for the creation of generational wealth. … It is not rocket science!