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How compounding can help you double your money in 7 years

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Unless you are born with a silver spoon in your mouth, accruing wealth does not come easily, which is why Jim Cramer is so passionate about helping investors find a viable financial strategy.

“Thanks to the magic of compounding, the earlier in your life you start investing in the market, the bigger your long-term gains can be,” the “Mad Money” host said.

Cramer is confident that even if an investor does not have a high-paying job, as long as he saves a decent chunk of his paycheck and invests it wisely each year, he can grow his wealth and become financially independent, at the very least.

In fact, when the “Mad Money” host researched the S&P 500 going all the way back to 1928, the average annual return through the end of 2014 was about 10 percent, including dividends.

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