Have you been adhering to the simple law of compounding Interest?

in #investment5 years ago

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Most of us are guilty as charged, only a few are vindicated. The truth is, a tiny fraction of people follows this simple rule of accumulating the interest of your tiny investment because our needs as humans are insatiable. Our needs often time outweigh our wants, hence the quest to spend more and more is imminent.

Expenses on health, on foods, basic needs are what keeps us all violating the compounding rule, you can't be in need and overlook little investment and resources, especially in the Cryptospace, a perfect example on how people violate this rule. Everyone is always cashing out, not a crime to, as I explained above, there are urgent needs that can't be overlooked, such as your health, what you will eat and where you lay your head to rest.

Accumulation of your compound interest is essential, at some point you have to make that sacrifice and let some of your needs to go by unattended, that is if its not urgent. You could deprive yourself of some instant gratification when you leave your small investment to compound over time. Its hard but it is a discipline, a hard lesson to learn and stick to.

You will have nothing to fall back on if you are constantly violating the accumulator's time-travelling compound interest lesson, you might go broke if this rule doesn't mean anything to you, so act now, stick to the ground rule for your future benefit.

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I have always said that the key to being successful in a business is to invest time in knowing what you are doing. Many entrepreneurs have great ideas but fail because of this anxiety of wanting fast money and make many mistakes

Yes my friend, instant gratification is one of the deadliest sins in investment.

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