Compounding worked wonders for my Financial Independence (FI) journey. However, the key attribute to make compounding work is patience. And in this world of instant gratification, it is difficult to have patience.
When I started my FI journey, the initial investments were relatively small. Watching them grow was like watching paint dry. At that time, it would have been very easy to give up.
Thankfully, I persisted, and those small beginnings have now grown.
Give enough time for compounding to work its magic, and it will supercharge your finances.
Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.
Albert Einstein