Trying to control my excitement this afternoon in staff meeting. Just as soon i have gone through the weekly agenda, i pulled up the Compound Interest Formula to the projected screen. A 10 minute effort before the meeting started while i was waiting for everyone to arrive."I like to show something to all of you today. Here's the formula of compound interests for $1000. Year 1, 3%, $1030 ... Year 5, 3%, $1159 ... Year 24, 3%, $2033 Your money just grow and doubled just with 3% annual compounded after 24 years. Now think it this way, if you do nothing with your money and let the inflation monster eats them 3% annually. Yes you still have $1000 absolute on paper but you are actually left with only $481 in real material term that you can use. Compound Effects are double edge sword. Doing nothing is quite a damaging no action ...