We’ve all heard the folded paper story that the more you fold it, the wider it gets, up to the point of reaching the sun. Of course, a single sheet of paper would run out before it could be folded quite that many times, but it’s a great example of the principle of exponential growth. Exponential growth is a unique growth rate in which the growth rate itself becomes ever more rapid in proportion to the growing total number or size. We see in the paper example that the more it’s folded, the more it’s doubled. Exponential growth can also work for money too, which could potentially help you to retire sooner.
Take a look at this infographic for more on exponential growth and what it could mean for your retirement. Let us know what you think in the comments and don’t forget to like and share with your friends!