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RE: Why Compounding Interest is the 8th Wonder of the World

in LeoFinance4 years ago

This fact should have been driven into my head when I was young. Compounding interest gave me a broad long term perspective on what investments are vs gambling. It's nice to take profits from quick trades and maybe get lucky in chasing hype but I found it more exciting to know that I lose less money when more than half of my portfolio is spent on growing money passively and with compounding interest.

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@Adamada I couldn't have said it better myself! I spent so many years chasing impossible returns instead of focusing on dollar cost averaging and focusing on building wealth over the long-term.

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