The principle of compounding is a powerful tool to benefit from and grow our cash reserves over time.

But why isn't everyone able to benefit from it equally?

One of the major challenges is being so used to instant gratification, that delaying our expenses for reaping greater benefits later in life requires a lot of discipline.

The mantras of ‘YOLO’ or You Live Only Once and ‘FOMO’ Fear of Missing Out' all value instant gratification over delayed gratification.

And that's where we lose the opportunity to benefit from the power of compounding.

There are two essential requirements to make compound interest work in your favour: patience and discipline.