The Power of Compounding

golf-1938932_640

I’m a keen golfer. How about we bet on a game of golf? Say 10 cents a hole? How about we double that every hole? It wouldn’t be for big money right?

Let’s take a look hole by hole:

  1. $0.10
  2. $0.20
  3. $0.40
  4. $0.80
  5. $1.60
  6. $3.20
  7. $6.40
  8. $12.80
  9. $25.60
  10. $51.20
  11. $102.40
  12. $204.80
  13. $409.60
  14. $819.20
  15. $1,638.40
  16. $3,276.80
  17. $6,553.60
  18. $13,107.20!

Well, as they say…that escalated quickly!

 

(Credit to Tony Robbins Wealth Mastery for this one)

3 thoughts on “The Power of Compounding”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s