Over the weekend, I read the book The Compound Effect, Jumpstart Your Income, Your Life, Your Success by Darren Hardy. Darren is also the Publisher of SUCCESS magazine.
He discusses how small steps towards your goals if done regularly can have a compound effect to eventually reaching your goals. He shares stories and ideas from many of the successful people he has interviewed over the years as publisher of SUCCESS magazine.
Many of us think a dollar here and there is no big deal, but over time they add up. Following is one of the quotes from the book that I thought showed the importance of thinking of how you are spending your money.
“Did you know that every dollar you spend today, no matter where you spend it, is costing you nearly fiver dollars in only 20 years (and ten dollars in 30 years)? That’s because if you took a dollar and invested it at 8% in 20 years, that dollar would be worth almost 5. Every time you spend a buck today, it’s like taking $5 out of your future pocket.” The Compound Effect by Darren Hardy.