A Penny Doubled Every Day For A Month

How Much Does A Penny Doubled Every Day For A Month End Up Being?

A penny doubled every day for the 30 days that make up an average month would amount to $5,368,709.12.

The key lesson from this is that you should start investing early and often. Another one is to be patient with your investment: the biggest gains and returns always happen later in life. Make it a habit to invest a certain amount each year, even if it is in passive investments, such as mutual funds or ETFs.

Read more here about this phenomenon: https://www.quantifiedstrategies.com/how-much-does-a-penny-doubled-every-day-for-a-month-end-up-being

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