Simple Investment Plan Tip of the Day

Everyone can use help with their investments. Here's today's Simple Tipe of the Day from the Simple Investment Plan for a Better Future book. Use the power of compounding to WIN big. 

"The power of compounding is significant. Albert Einstein said, “Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it”. Simply put, if you pay interest to creditors, you LOSE significantly. If you don’t pay interest to creditors and instead put your money to work to EARN interest, you will accumulate substantial gains over time."

Here's an example of the power of compounding. If you take one penny and double it every day for 30 days, you'd have:

$5,368,709.12

Here's the breakdown:

The point of this example is two-fold: 

1. Start investing NOW and NEVER stop.

2. YOU can do this and have success with investing.

Keeping it simple is the key! 

If you have questions about this concept or anything else, please email me at cstevens21@gmail.com. I'll do my best to return your email within 48 business hours. 

Please subscribe to this blog for daily/weekly/monthly tips to help keep you on track with your investments. I'll continue to post parts of my book Simple Investment Plan for a Better Future. Keep a positive mindset and know you're making a positive difference in your life and the lives of your loved ones.

The tip above came from my book that's for sale on Amazon.com. Click here for more details about or to buy the Simple Investment Plan for a Better Future. Click here for the Kindle version.