.How to Use the Compounding Technique to Reach Success
How to Use the Compounding Technique to Reach Success
By Sim Campbell
Imagine this: a wealthy man gives you two choices. He will gifts you a million dollars in liquid cash right now…or a penny doubled every day for 30 days. Which one would you choose?
“I’d take the million…gimme, gimme, gimme!”
I can see you salivating right now. But…not so fast.
Wouldn’t you rather consider the penny?
“C’mon. It’s just a penny.”
Ah… that’s where you’re wrong.
It’s just a penny – but that’s all you usually start out with. If you took the choice of the penny doubled every 30 days, you’d be a multi-millionaire at day 30. To the tune of 10 million dollars to be exact. Do the math if you doubt it.
“But that’s not possible!”
But it is possible. It’s the only thing that’s possible. It’s the slight edge.
The Subtle Power of the Slight Edge
The book The Slight Edge by Jeff Olson describes how small, seemingly insignificant choices have a massive impact on us down the line. He uses the example of the penny to get his point across sharply.
Continuous actions over time lead to vast advantages…or disadvantages. This “edge” is the differentiating factor between those who blow life wide open and those who find themselves getting tossed about like a leaf in the wind.
You see, our actions don’t occur in a vacuum. They build upon past actions of a similar nature.
You start with one. One becomes two. Two becomes four. So on and so forth. It gets easier to build off of a foundation.
This is how habits such as discipline are created.
Because of this…the slight edge is great! But – it works in the opposite direction as well. If you indulge in bad habits and self-destructive behavior, you will find it easier to do those things over time.
Your successes and failures compound on each other.
But here’s the thing: this is so subtle. By the time you realize what has happened – your results are already evident.
This is why success is not an accident. Sadly, failure is not an accident either. In fact, they’re separated by a fine line. The line is what you do or fail to do consistently over a given period of time.
The Importance of the Slight Edge
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Powerball Winner Wished He 'Tore Up Ticket' After $315m Jackpot Destroyed Him
Story by Liam McInerney
The world's largest lottery is launching in the UK this week - offering a fortunate British player the chance to become more than £300million ($400m) wealthier. Powerball, an American lottery game, awards massive jackpots that are distributed over a 30-year period.
Today (July 23) marks the inaugural UK draw with an estimated top prize exceeding £300m - the biggest jackpot ever made available in Britain. Allwyn, which operates the National Lottery, has opened the game to UK participants, who will be entering alongside American players.
No Such Thing as Enough Money
Jacob Schroeder Oct 27, 2021
How much money is enough?
It’s a philosophical money question that often arises out of discontent. We see someone of substantial means, like a celebrity, live a troubled life. Or, we ourselves experience great fortune yet feel unhappy.
It makes us wonder where the finish line is, the point when you can stop striving for more and settle into a life of satisfaction.
The Relationship Between Money and Marriage
Jacob Schroeder Oct 12, 2021
I love scotch; she hates it.
There are many things my wife and I don't agree on, but money isn't one of them. We are intentional spenders, buying only what mutually aligns with our needs or values. For instance, disinterested in paying for the trappings of an ostentatious wedding, we tied the knot at New York's City Hall; our reception was watching our first son play at a public playground in the East Village on a warm fall afternoon.
We've been happily together for 16 years, which makes me wonder: Does love make the financial side of marriage work, or is it the other way around?
Europe Just Bragged About Losing to Gold
Notes From the Field By James Hickman (Simon Black / Sovereign Man) June 4, 2026
When the euro launched on January 1, 1999, it was sold as the future. It would be a single currency to knit Europe together — to wipe out the exchange-rate friction between member states, complete the continent's single market, and bind a dozen squabbling nations into one economic bloc with one money.
And in the grander ambitions of its architects, it was meant to do something more: to grow up into a true global currency, the first serious rival the US dollar had faced since World War II.
Experts Say This Is A Key Sign You Have An Unhealthy Relationship With Money
By Natalia Lusinski
When it comes to money and budgeting, it’s often easier said than done. You may have the best of intentions — you’ll eat out less this month and put the money into your savings account instead. But then life happens. Just like working through any other life, fitness, or wellness issue, a little introspection is often the ticket. If you want to get your finances back in order, a financial psychologist or money mindset coach can help. It all starts with getting your head in the right place.
Green Policy is Deadlier Than Guns
Notes From the Field By James Hickman (Simon Black / Sovereign Man May 29, 2026
Every year around this time, a silent killer sneaks its way onto European shores and slaughters people by the tens of thousands. Last year, it killed more people in just three months than the number of civilians killed in the war in Ukraine all year. It killed three times as many people as traffic accidents do. And it killed FOUR times more Europeans than gun violence killed in America. I'm not talking about COVID. Or even the legions of migrants invading the continent.
4 Bad Habits That Could Affect Your Money More Than Tariffs and Inflation
Written by Chris Adam GoBankingRates
The Trump administration’s discussions about tariffs and inflation have led many consumers to question how well they’re prepared for the future regarding their finances. After all, some experts have raised concerns that tariffs could lead to higher prices on products and services people use each day.
But there may be a way to protect personal finances that has little to do with moves by the White House.
Expert Issues Warning Over US Bank Accounts Sitting Idle
Rudro Chakrabarti Mon, April 20, 2026
Money Can Now Be Turned Over To State. Secure your money ASAP
Katelyn Fugate thought she was doing something nice for her young son. A few years back, she opened a savings account for him — a small starter fund he could build on one day. Recently, she decided to check in on it.
The balance was zero. Fugate told Scripps News she went to check the balance hoping to start adding to it again. Instead, she found the account empty. (1) The bank had declared it dormant after five years of inactivity, closed it and shipped the money off to the state's unclaimed funds department. Worse, when Fugate went looking for it, she couldn't find the money at the bank or the state.
Argentina Got This Warning Before Its Collapse. America Just Got It Last Week.
Notes From the Field By James Hickman (Simon Black / Sovereign Man) April 20, 2026
In early December 2001, ‘normal’ life very suddenly ceased to exist in Argentina— anything that remotely resembled a functional society came to an abrupt end. And that is by no means an exaggeration. The banking system collapsed. Financial transactions ground to a halt. Desperate people looted supermarkets for food, and then grocery shelves emptied. Energy ran short. Riots broke out in the streets, and police were shooting citizens in the face.
There Is No "Fair Share" — There Is Only “More”
Notes From the Field By James Hickman (Simon Black / Sovereign Man) April 16, 2026
In April 1971, Keith Richards loaded his family and his Bentley onto a cross-Channel ferry and drove south until he hit the Mediterranean. He rented a 19th-century villa called Nellcôte on a hillside above Villefranche-sur-Mer, and converted the basement into a recording studio.
The $13,000 Apartments the Government Won't Let You Buy
Notes From the Field By James Hickman (Simon Black/Sovereign Man) April 14, 2026
On May 20, 1862, Abraham Lincoln signed the Homestead Act into law, and it essentially said: here's 160 acres of land. It's yours. For free. All you have to do is live on it and improve it. And between 1862 and 1934, the federal government distributed 270 million acres under the program — roughly 10% of all the land in the United States.
Even as far back as the American Revolution, the Founding Fathers understood that property ownership made people more engaged, more productive citizens. Ownership meant that you had a vested financial interest in your community... and your country.
‘Let’s not be naive’: Ray Dalio says economic world order ‘is gone’ — warns of US ‘civil war.’ Preserve your wealth now
Jing Pan Sun, April 12, 2026 Moneywise
In the wake of the World Economic Forum in Davos, Switzerland, billionaire and founder of Bridgewater Associates, Ray Dalio, sounded a global fire alarm, and it’s starting to look like he was right.
The short version? The old economic world order is gone, and it’s likely not coming back any time soon.
“Let’s not be naive, ok, and say: Oh, we’re breaking the rule-based system,” Dalio said in an interview with Fortune at the WEF (1). “It’s gone. It’s going.” Dalio was referring to the current global balance of power between nations, which has hinged on relatively predictable U.S. foreign policy.
How Do I Manage This Much Money?
Moneywise Fri, April 3, 2026
My mom was much richer than I realized, and left me more than I could have imagined. How do I manage this much money? During the next 20 years or so, Americans will inherit an estimated $105 trillion as older Americans pass down their accumulated wealth to younger generations, in a phenomenon that has been dubbed the Great Wealth Transfer (1). That means there will be a lot of people who are surprised — even if pleasantly so — to be inheriting money and unsure about how best to manage it.
5 Subtly Genius Things All Wealthy People Do With Their Money — That You Should Do, Too
These moves don’t have to be reserved for the super rich.
t can feel like the super wealthy have access to some secret money playbook the rest of us never got. And in a way, that’s true. They have connections and access that most of us simply will never have.
But there’s good news: A lot of things the ultra wealthy do with their money are perfectly accessible to us — we just have to be smart enough to take advantage.
How to Make a Living Will for Free in 4 Easy Steps
Rachel Christian, CEPF® PennyHoarder
Drafting a living will might not be high on your to-do list — but maybe it should be.
A living will is a legal document that details which medical treatments you want — or don’t want — if you’re ever incapacitated or unable to make decisions for yourself.
Don’t get it confused with a last will and testament, a legal document that spells out who inherits your assets after you die. A living will applies only to your end-of-life medical care wishes.
4 Things To Consider Before Tapping Into Retirement Funds
Josephine Nesbit Sun, March 22, GoBankingRates
There’s a great deal of planning that goes into retirement, especially when it comes to deciding if, when and how to tap into your nest egg. Assessing your retirement fund is more than just covering your expenses. It can also affect your taxes, long-term income and investment growth.
3 Mistakes That Wipe Out Million-Dollar Nest Eggs, According to a CFP
Jake Safane Sat, March 21, 2026 GoBankingRates
For many people, reaching $1 million or more in retirement savings sounds like a surefire way to retire comfortably. But before you start dreaming of carefree golden years, it’s important to understand that million-dollar nest eggs can easily be wiped out by simple mistakes.
The problem usually isn’t blowing through your retirement savings by buying a yacht the day you leave your job, or seeing all your investments wiped out from a stock market crash. There are ways to prevent these types of mishaps, like through diversification, adjusting investment risk as you age and knowing what you can afford.
10 Frugal Lessons I Learned From Being Flat Out Broke
By Michelle Saving Money Invested Wallet
During the years I attended college, and shortly afterward, when I was about 21-22 years old, I was flat out broke. I was living in the middle of a big city all by myself and paying my bills on a server’s salary. I had zero savings and was living paycheck to paycheck just to get by; frugal living was a necessity.
To paint you a better picture of my situation, allow me to elaborate.
14 Bad Money Habits That Will Keep You Broke Forever
By Todd Kunsman Saving Money Invested Wallet
Being broke sucks. Worrying about bills and living paycheck to paycheck also sucks. And the thought of that being for a lifetime is demoralizing.
While all our financial situations are different, we all have the ability to change our “broke status.”
Will it be easy? Not at all, but your financial life can completely switch gears by identifying bad money habits that are keeping your pockets empty.
The trick is to really come to terms with these bad money habits and that yes, you probably are guilty of some or maybe even all of them.
6 Signs That You Are Too Obsessed With Making Money Now
By Todd Kunsman Make Money
Making money is something I’ve been working on quite a bit the last few years to better my financial health.
Yet, at times I also found myself becoming a bit too obsessed with making money now and the pursuit of wanting to get rich. I think it’s a natural feeling for many in our society.
However, I’ve been fortunate enough to catch myself and ensure I do not make it my entire life either.
Why I have doubts about the supposed “next Global Financial Crisis”
Notes From the Field By James Hickman (Simon Black) March 11, 2026
It was the early 2000s, and poor Monty was down on his luck.
An aging, out-of-work game hunter and security guard, Monty had been unemployed for quite some time. Fortunately, he was getting by, but living off the generosity of a family in southern California who had taken him in. Without them Monty would have almost certainly been living on the street.
But things started to change for Monty on a fateful day when his host family received a letter in the mail from a local bank-- addressed to Monty. They eagerly ripped open the letter to find that the bank had pre-approved old Monty for a substantial line of credit!
4 Common Mistakes Affluent Americans Make With Their Money — and How To Avoid Them
Vance Cariaga GOBankingRates
Affluence, like beauty, is often in the eye of the beholder. What looks like wealth to one person might not seem that way to others — especially if that “wealth” is offset by high debt and reckless spending. Just because someone earns a high salary doesn’t make them immune to the same financial mistakes as everyone else.
How To Make Sure A Windfall Lasts
Moneywise Sun, March 8, 2026
‘We are super screwed’: This couple spent a $171K inheritance in less than a year.
Inheriting a windfall may seem like a dream come true, but it can cause tremendous anxiety and guilt, and it can even leave you financially worse off.
For instance, Mike and Noel, both 34 and recently married, burned through a $171,000 inheritance in about a year. You can imagine how that left them feeling.
"Money Dysmorphia" Could Be Seriously Hurting Your Finances. Here's How To Tell If You Have It.
Caroline Bologna Tue, October 1, 2024 BuzzFeed
Loud budgeting. Slow shopping. Girl math. These days, there are endless quippy terms to describe the trends and phenomena in the realm of personal finance.
One of the more insidious realities impacting people’s financial health has a name as well: money dysmorphia.
To help keep the negative impacts at bay, HuffPost asked experts to break down this phenomenon and share their advice for dealing with it.
6 Money Rules That Worked 20 Years Ago — and Fail Now
Jordan Rosenfeld GoBankingRates Mon, March 2, 2026
For years, personal finance advice was built around simple rules designed for a more stable economy. Americans have been taught to follow some key financial rules that made sense for a long time. But higher living costs, longer careers, shifting job patterns and mounting financial tradeoffs have made many of those once-reliable rules harder to follow and, in some cases, financially risky.
Experts explained which money rules fail now and what to do instead
Retirees: 3 Things You Should Remove From Your Will Immediately
Choncé Maddox GoBankingRates Mon, March 2, 2026 at 11:20
Many retirees take comfort in knowing they have a will in place. It feels responsible. Organized. Final.
But according to elder law and estate planning experts, having a will isn’t the same as having a good estate plan, and in some cases, an outdated or overly rigid will can actually create stress, conflict and unnecessary costs for your loved ones.
Here are three things retirees should strongly consider removing from their will, and what to put in place instead.
Any Takers For The Taliban’s New Investment Visa?
Notes From the Field By James Hickman (Simon Black) February 23, 2026
Just imagine how tranquil your retirement could be in... sunny Afghanistan! You could wake up in the morning to the pleasant sound of celebratory gunfire... then artfully dodge landmines left behind by not one, but two different superpower invasions on your way to witness the day’s beheading.
You could cap off the afternoon spelunking through mountain caves where you might bump into actual jihadists, then end the day with a stroll through a war-torn city’s desperate poverty.
23-Year-Old Inherited $450K, Parked It And Doesn't Know What To Do Next
What Dave Ramsey says will get the 'most lift'
Emma Caplan-Fisher Moneywise Updated Tue, February 10, 2026
When 23-year-old Jackson from New York called into The Ramsey Show, he wasn’t asking how to spend his inheritance. He was asking what not to do with it. A few months earlier, he and his brothers had sold their parents’ home, leaving him with about $450,000. He had no debt, had just graduated from college, earned about $75,000 a year and was renting with his brother while planning a future move from Long Island to New York City.
Yet instead of feeling empowered, he felt stuck.
5 Pieces of Financial Advice to Avoid at All Costs
Suze Orman on the commonly accepted money tips it pays to ignore.
By Suze Orman
Bad financial information doesn't come only from scammers; even our loved ones can unwittingly steer us wrong. That's why knowing what not to do with your money is often your biggest asset. In general, there are two little words that should set off everybody's suspicion meter: Trust me. Anyone who gives you this line—whether a financial adviser or your significant other—is disrespecting you.