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.” Compounding requires enormous amounts of patience.
For example: Would you rather have (A) $3 million upfront or (B) one penny that doubles in value every day for 31 days?
To maximise your gains, the correct answer is (B). But it doesn’t happen quickly. After 19 days you’d still only have $5,243 and you might feel pretty foolish next to a friend who chose option (A).
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Compound interest is a powerful force, and it can help you grow your wealth and life in general.
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The Power Of Compounding
Would you rather have (A) $3 million upfront or (B) one penny that doubles in value every day for 31 days?
Choose any one!!
To maximise your gains, the correct answer is (B). But it doesn’t happen quickly. After 19 days you’d still only have $5,243 and you might feel pretty foolish ne...
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.”
Compounding requires enormous amounts of patience and ...
Compound Effect
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 ev...
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