It is said compounding interest is the 8th wonder of the world.
But it can be a blessing or a curse.
A blessing if you use it when you invest in assets whose value compounds and grows over time.
This is the reason why the rich get richer because they spend on real assets that compounds in value.
While the poor get poorer when they borrow money with interest and spend it on things that don’t compound in value but rather depreciate.
(Cars, toys, clothes, gadgets etc….)
Reflect, are you buying more things that will give you more blessings. Or are you buying more things that will bring a curse?