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The 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.” 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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Your Choices & Habits Compound

Everything in your life exists because of a choice you made. Every choice has an impact on your life’s Compound Effect. You can not sleep-walk through life and expect good outcomes.

Successful people aren’t more intelligent/talented, they just have habits t...

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Luck = Preparation + Attitude + Opportunity + Action

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Our brains aren’t designed to make you happy, but to survive. And the best way to survive is to seek out negatives. But 99% of the (negative) news has nothing to do with you. If you are worried all the time it will be impossible to become the best version of yourself. 

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CURATED FROM

CURATED BY

coab

Education officer at museum

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

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

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

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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