Compound Interest – Compound Life
Would you rather have a million dollars today or $2 which doubles each day for 30 days?
I’ll let you ponder on this questions while you read on and we will find out the best choice later
Now, compounding is a pretty cool thing…
You invest some money and experience it grow over TIME
The funny this is though, our lives are no different
You can actually apply the concept of compound interest into your LIFE.
In a world filled with instant coffee, fast food, buy now and pay later shopping, we are losing touch with reality and believing we have access to instant results
But life is not a clickable link.
Starting out in any area you want to become better in, growth is slow.
It can be gruelling and it can be tough
like compound interest….GROWTH IS NEVER LINEAR
Think back to a time when you were a beginner in something
I know myself….when I first started going to the gym I could only do 1 push-up
Then with some CONSISTENCY and EFFORT, I could do 2 push-ups
2 weeks on… I could perform 3 sets of 8 push-ups
1 month on… I could do 20 push-ups in a row
Fast forward 3 years… 60 push-ups in a row isn’t a worry
It’s the same concept in life in whatever you want: personal finance, education, health, etc.
Now, to answer the question above…
Your best choice is to choose the $2 which doubles every day for 30 days!
Although $2 doesn’t look like much… you will end up receiving over 1 billion dollars on the 30th day
So many of us get caught up in the instant results (the instant 1million dollars) and forget that by applying effort and consistency and allowing TIME to do its thing…
You will end up with even better results (the potential 1 billion dollars) then going after the “quick fix.”
Remember: simple daily actions and disciplines WILL add up to massive results over time.
Doing something ONCE won’t be enough…
Doing something TWICE isn’t either.
Performing something DAILY for weeks and months? I know you’ll get there.
“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” – Albert Einstein