The Power Of Compound Interest

Albert Einstein is reported to have said: “Compound interest is the most powerful force in the universe.” Regardless of whether he did or not, there is an interesting element of truth to it. You can become a millionaire in your lifetime through compounding. If you can only save one dollar a day and invest it at 12% interest you will have $ 1M in fifty years. The keys are: start saving, convert the savings into investments, start early in your life and/or plan on getting really old and you can become financially independent in your lifetime.

Treat Your Time As Your Money

Look at your time the same way you look at your money. Time is a very precious commodity. It is a non renewable resource. Like you do with money; be conscious how you spend your time. Save time by allocating it differently. Don't waste it on mindless activities. Start considering your time as an investment to help you reach your longer term objectives.