This might seem like an area of interest for people of a certain age, but that is presuming far too much and it is excluding all those younger people who have not **discovered the magic of compounding**. E.G. if you had £1,000 (or US$1,000) and it grew at 3% p.a. how long would it take to double in value?

Well it is not 33.3 years. **The answer is 23.5 years.** It is less but still a long time.

What happens when you start working with figures like 6% and 12%. Does the time span decrease proportionately?

**6% takes just under 12 years and 12% takes 6 years to double your stake!**

Of course the big question is how do you get returns like 12% and the answer is not the building society or the bank. More of that later.

If you could double your savings every 6 years and you started £1000 aged 18 how much will you have by the time you are 60. *Which means if you are currently 18 year then at 60 they will probably have another 10 years before they get a state pension.*

The answer is £128,000. And this is how we arrive at it. Between the age of 18 and 60 there are 42 years and if your money is doubling every 6 years then there will be 7 times that money will double in value. *Kapeesh*!

There is no getting away from the fact that £128k will not have the same value as it does now, but if you read on then I will show you additional ways to increase wealth.

1> You should add funds at all opportunities.

2> You should not waste money , not even small amounts, indeed especially not small amounts.

3> Don't be afraid to try out calculated risks.

4> Go on Youtube and search "Warren Buffet"

The above is telling you to **start investing as young as possible **

**In my next blog I will start pointing you at ways to get better than bank interest returns.**