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The Compound Effect “is the principle of reaping huge rewards from a series of small, smart choices,” made consistently, over a long period of time.
For example, would you rather have (A) $3 million upfront or (B) one penny that doubles in value every day for 30 days?
If you have taken option (B) then -
Day Money you have ($)
1 0.01
2 0.02
.
.
.
15 327.67
.
.
.
27 1,342,177.27
28 2,684,354.54
29 5,368,709.08
30 10,737,418.16
You can able to see the change after 28 days. It's the power of Compound Effect.
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CURATED FROM
A learner who loves to share wisdom on personal growth, happiness, and success on Deepstash. Topics include motivation, habits, goals, and mindset. Believes that everyone can achieve their dreams with the right attitude and action.
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Is "the principle of reaping huge rewards from a series of small, smart choices, made consistently, over a long period of time.” Compounding requires enormous amounts of patience.
For example: Would you rather have (A) $3 million upfront or (B) one penn...
SMALL, SMART CHOICES + CONSISTENCY + TIME = RADICAL DIFFERENCE
The Compound Effect is the principle of gathering huge rewards from a series of small, smart choices. Small, seemingly insignificant steps completed consistently over time will create a radical difference.
……. is “the principle of reaping huge rewards from a series of small, smart choices, made consistently, over a long period of time.”
Compounding requires enormous amounts of patience and ...
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