The Power of Compounding

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)