Once you start getting some serious money together, you’re going to face a major challenge. 

You’ll want to splash out.

Well here’s how to overcome the problem:

Don’t.

Remember the importance of time in the compound interest formula.  Time is your friend IF you let it do its work.

Yes, it’s tempting to buy some of the goodies in life, like that designer jacket that “spoke to you”, or a new car, or a 48” plasma TV screen.

Don’t fall for it.  Instead of wasting your money on consumer junk that will quickly drag you back into poverty – invest it to make more money.

Now of course in real life, emergencies do occur, and you need to have some ready cash on hand for the proverbial “rainy day”. 

But do everything humanly possible to avoid dipping into your nest egg, otherwise you’ll dilute the true power of the compound interest formula.

It’s better to find a part-time job somewhere, or even better - create your own.

Avoid dipping into your fund if at all humanly possible.  

And there’s just one more temptation to avoid…