plonkee money an english-er's thoughts on personal finance

October 19, 2007

quick compounding

Filed under: philosophical — plonkee @ 6:59 pm

I’m a reader of pro-blogger, and the latest videocast over there is about leveraging compound growth on your blog. Darren explains that to stop yourself feeling despondent, concentrate on the direction and the percentage change in your blogging stats rather than the absolute numbers.

Of course on a blog, especially a new one, you can grow at a significant rate in months rather than years, but I think extending the same thought process to your money is a good one. Don’t worry as much about the absolute values, as the direction you are taking and with the magic of compounding you can get a lot further than you think.

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