One small money habit that can build wealth over time
Saturday, December 28, 2024
Without a doubt, the power of compound interest is a simple habit of saving money and reaping the benefit of time as money is compounded and interest is earned on the interest plus principle, over and over again. In fact, a penny a day doubled for 30 days would be over $5 million and demonstrates the compound effect. However, I also believe the small habit of budgeting and tracking spending builds wealth over time as good stewardship ensures there is money available to invest.