Would You Rather Have $1 Million or a Penny that Doubled?
The following is a guest post about compound interest by Brent Kesler, author of the book, Mapping Out the Millionaire Mystery: Step Into the Secrets of the Wealthy Money and founder of the Multiplier Method www.themoneymultiplier.com. If you’d like to submit a guest post to Money Q&A, be sure to check out our guest posting guidelines. Would you rather have a million dollars OR the sum of a penny doubled every day for 30 days? A million bucks sure sounds pretty good, doesn’t it? But just to be sure, let’s do the math. One penny doubled every day for 30 days makes you over $5 million! Even though it takes that penny 28 days to reach above $1 million, after you … Read more