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Smart Money Tip #4: Strive for Dynamic Change through Smart Choice, Consistency, and Time

“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t … pays it.” – Albert Einstein

My goal through the Smart Money Tip series has been to impart strategies to help you create and grow money. One of the very best ways to grow your money is through the magic of compound interest.

Let’s start with one of my favorite stories. If you were given the choice between taking $3 million in cash today or a single penny that doubles in value every day for 31 days, which would you choose?

Most people instinctively select the $3 million dollars and are stunned to discover that it’s actually the penny that leads to greater wealth over the long term.

So why is it so hard to pick the penny? It’s because it takes so much longer to see the payoff of choosing it. Let me explain.

Let’s look at what would happen if you chose the “doubling penny” instead of the $3 million dollars:

On day five, you have 16 cents and by day 10 your penny is worth a measly $5. It’s not terribly exciting yet, and at day 20, you still only have $5,000. With just 11 days left, you’re probably kicking yourself for not taking the $3 million, but hang on, something magical is about to take place! Day 5 16¢ Day 10 $5 Day 20 $5,000 When you reach day 28, your penny has turned into $1,342, 177.28. With just a little more patience, you’ll soon discover that the doubling penny was indeed the best choice because by day 31, your penny will be worth $10,737,418.24! All due to the power of compound interest! Chances are nobody is going to offer you a magic doubling penny or $3 million dollars, but you can apply this principle in your life today. Day 28 $1,342,177.28 Day 31 $10,737,418.24 This story is an example of how smart choices plus consistency over time will equal a Dynamic Change in your life.

Smart Choices + Consistency + Time = Dynamic Change

Let’s say you ate a cheese burger, fries, and a cola today for lunch. It’s not going to hurt you, but it’s also not going to help you. However, what will happen if you eat this meal every day for lunch for the next year?

Or if you go to yoga class today, it’s not going to hurt you, but it’s not going to help you very much. However, if you go to yoga class every day for the next year what could happen?

Smart Choices + Consistency + Time = Dynamic Change

The same principal applies to your money.

If you invest $10 today, it’s not going to help you very much, but it’s also not going to hurt you. But let’s say you invest $10 a day for 35 years at 10% interest, then you could have over $1 million.

Think of how you could find an extra $10 a day from loose change, managing your credit card points, using coupons, working smarter, skipping the $5 latte, getting better gas mileage, selling items you no longer use on eBay, increasing your fees or asking for that raise, taking the stretch and stepping out of your comfort zone, or getting a new quote on your car insurance.

Could you do this? The answer is probably yes!

This week’s tip is to ask yourself what small changes you can begin to make in your life today that will equal Dynamic Change and a life of true prosperity for the rest of your life.

Reminder, this is the last week of our contest to see who can post the best Smart Money Tip to the Smart Women’s Coaching Facebook Fan Page.

The winner will receive a 90-minute Money Breakthrough Method Coaching Session with me worth $525. The winner will also receive a money personality card and two other great bonus gifts! In this session with me, we will identify your money personality and your limiting belief. We will identify your new empowering belief and create an action plan.

And if you haven’t checked out our FREE course yet featuring my signature six step system called, Unlock Your Financial Power: They Key To Health, Wealth & Happiness, be sure to do that now by clicking here for immediate access!

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Katana Abbott, CFP®, is a Life and Legacy Coach™, and founder of the Six Pillars of Awakened Prosperity System™, the proven step-by-step process that shows you exactly how to create wealth, make a difference and live the life you love. To get your F.R.E.E. Video Course and receive her weekly money, mindset and manifesting articles on attracting more wealth, joy and ease into your life, visit


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