4 Simple Examples of The Eighth Wonder of the World: Compounding

Albert Einstein coined the phrase, “Compound interest is the eighth wonder of the world.”

So many people today seem to have a misunderstanding or ignorance of the power of compounding.

Studies have shown that 85% of Americans don’t know how much money they need for a month of expenses. That lack of care and awareness for finances will compound and that’s DANGEROUS.

Here are 4 simple examples of compounding in my life:

1. Finances

2. Reading

3. Teeth

4. Bible reading

1. Finances

Finances — have tracked my spending since I was 16 years old. As soon as I got my first job, or even a little before, I was tracking where every dollar went.

Today, I have a great awareness of where every single dollar goes. Every. Single. One.

I have a spending plan that I create for each month and monitor weekly. Beyond that, I keep it…