The Power of Compounding
The Compound Effect is the principle of reaping huge rewards from a series of small, smart choices - Darren Hardy.
๐๐ฆ๐๐ ๐ข๐ง๐ ๐ฒ๐จ๐ฎ ๐ฏ๐ข๐ฌ๐ข๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐ฐ๐๐๐ฅ๐ญ๐ก๐ฒ ๐ฎ๐ง๐๐ฅ๐ ๐จ๐ซ ๐๐ฎ๐ง๐ญ๐ฒ ๐๐ง๐ ๐ญ๐ก๐๐ฒ ๐๐๐๐ข๐๐ ๐ญ๐จ ๐ ๐ข๐ฏ๐ ๐ฒ๐จ๐ฎ ๐ ๐ ๐ข๐๐ญ ๐๐จ๐ซ ๐ฒ๐จ๐ฎ๐ซ ๐๐ข๐ซ๐ญ๐ก๐๐๐ฒ.
They ask you to make a choice:
๐๐ฉ๐ญ๐ข๐จ๐ง ๐: They write you a cheque of $5m, drawable today.
๐๐ฉ๐ญ๐ข๐จ๐ง ๐: They promise to give you $1 that doubles every day for the next 30days.
Which of these options would you choose? If you lie enh ๐. We are talking about $5m doooollllaaarrrzzz ๐๐๐.
If you picked $5m, well done, you are not alone.
But let me show you the implications of your choice.
๐๐ฉ๐ญ๐ข๐จ๐ง ๐: $5m today remains the same in 30 days. Zero growth!
๐๐ฉ๐ญ๐ข๐จ๐ง ๐: By the end of 30 days you will receive $536,870,912. Can you imagine that?
When I first read this illustration in the book The Compound Effect by Darren Hardy, I couldnโt believe it!
So, I played with the numbers myself. See the image below for the calculation.
From Day 1-23, you would still have thought your decision to take the $5m was right, until Day 24, when the real magic happens!
๐ ๐จ๐จ๐ ๐๐จ๐ซ ๐ญ๐ก๐จ๐ฎ๐ ๐ก๐ญ:
๐What have you abandoned simply because you couldnโt see results up until Day 23?
๐What sort of choices have you made because of short-term thinking?
๐ ๐จ๐ซ ๐ฆ๐ฒ ๐๐ฎ๐ง๐ ๐๐๐ฐ๐ฌ๐ฅ๐๐ญ๐ญ๐๐ซ, ๐ ๐ฐ๐จ๐ฎ๐ฅ๐ ๐๐ ๐๐จ๐ข๐ง๐ ๐ ๐ฌ๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ฉ๐จ๐ฐ๐๐ซ๐๐ฎ๐ฅ ๐๐จ๐จ๐ค, ๐ฌ๐จ ๐ฆ๐๐ค๐ ๐ฌ๐ฎ๐ซ๐ ๐ฒ๐จ๐ฎ ๐ฌ๐ฎ๐๐ฌ๐๐ซ๐ข๐๐ ๐ข๐ ๐ฒ๐จ๐ฎ ๐ก๐๐ฏ๐๐งโ๐ญ! Subscribe now for regular doses of inspiration and actionable insights to fuel your journey towards authenticity, purpose, and impact!
You're a gem ๐, remember that. Keep living your bedazzled life, one day at a time.
