Many small business owners know that the number one method to earning and maintaining wealth is by learning how to compound money fast.
The quicker your business turns it's money into capital plus profit, the sooner you can then reinvest that money and continue to watch it grow.
So what's the big secret to compounding your money anyway? Well the first thing you have to keep in mind is to always focus on your short term opportunities for investment.
If you want to build your business up slowly, and then watch your wealth steadily increase over time, you need to lay the proper groundwork first.
Those very first investments will provide the capital you need to reinvest back into the company, starting the process of multiplying your money.
When making these beginning investments, most people choose the most time sensitive, in order to provide a quicker return.
Let's say you operate a cart at your local beach.
You buy cheap souvenirs and items that tourists usually buy, and you get them in bulk.
You know the kind; city-themed beach towels, flip flops for keeping that pesky sand out, umbrellas for an unexpected downpour, shells and keychains to take home to family and friends, etc.
What you paid pennies on the dollar for, can then be sold at full price, providing you with profits every single day.
When you take those profits and reinvest them back into even more products, it's easy to see how quickly your initial investment can be multiplied many times over.