The magic of compounding is truly a remarkable thing. It is the idea that money invested can generate more and more money that eventually can snowball into impressive amounts (side note: here’s my thought experiment where a penny doubled every day becomes over $21 million in only a month!) Compounding has massive implications for our ability to accumulate wealth. Unfortunately, it seems that most people do not understand this principle, or do not believe it will work for them. I am very appreciative that I “got the bug” awhile ago.…