My co-worker for the past three years and now fellow brother gave me a ring and I was very curious as to which way do my fellow brothers wear their rings, compass points facing inward or out to the world?

“You are supposed to wear the ring "compass - pointed" into yourself until you become a Past Master of your lodge. At which time you can turn it out to the rest of the world, as you have reached the point of Master, and have mastered the art of the Quadrant, and you may now share your wisdom with others”.