Sometimes in life what we need is not more money, but more information.
Last night, a friend of mine sent me a Tony Robbins video about a $14,000-a-year UPS driver whose friend advice him to take out 20percent of his weekly paycheck, call it a ‘Wealth Tax’ and put in an investment saving account.
The magic about this story is that when this UPS driver retired, and the way, his name is Theodore Johnson, he was worth $71 million.
So how did a $14,000 a year driver become a multi-millionaire? The secret was discipline and compound interest.
In his book, The Slight Edge, Jeff Olson practically explains how disciplining ourselves to make minor changes, compounded over time, can significantly alter your financial, career and personal life.
This week, I will like to ask you to learn about the Concept of Compound Interest and then look for areas where you can quickly apply it in your life. And it doesn’t just have to be in the area of your finances. It could be in the area of your physical fitness for example, if you did 20 press-ups everyday for the rest of this year, what health benefits would you have created?
What you want is possible dear friend. The thing is; you’ve got to start where you are, with the little you have and be at it every single day.
All the best!