Your Daily Cup Of Joe

September 21st - Compound interest is the greatest wonder of the world


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In finance, there is a concept called the rule of 72. You take the number 72 and divide it by your average rate of return and that number will tell you how often something will double. So if your rate of return is 8, then something will double every 9 years. 

This is how $10k at the age of 25 can grow into $320k by the time you're 70. Same thing can happen with your life. If you put enough energy into developing yourself as a person in all areas (physical, mental, emotional, spiritual), you can start seeing aspects of your life start to grow exponentially. It can take a while initially to see some growth, but with enough persistence the compounding effect will come in full force.

Journal Prompts

  1. How can you ensure you get the right rate of return on your growth financially and personally?
  2. How can you ensure that you have a strong foundation so that you can higher a multiplying factor on your growth?
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Your Daily Cup Of JoeBy Bautista Planning and Analytics, LLC