Daily Grind, Compounding Returns..

Image by Clarence

When given a choice, will you want to receive $10,000 every month for the rest of your life or 1 cents that doubles every month. At the first glance, $10,000 is really a lot for any individuals and it may be tempted to take the first option. However, at the end of the day, you may not be the winner.

Let’s have a simple Excel calculation as below. If you have taken the first option, you will be way ahead…