Explore the World's Best Ideas
Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.
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).
916
9.74K reads
MORE IDEAS ON THIS
“ You will never change your life until you change something you do daily.
The secret of your success is found in your daily routine.”
DANIEL HARDY
1.12K
8.19K reads
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...
1K
6.81K reads
The Luck Formula
Luck = Preparation + Attitude + Opportunity + Action
The formula is attributed to Seneca, a Roman philosopher. He suggests that luck is not something that happens to us randomly, but rather is something tha...
1.19K
6.25K reads
Media Diet of Extraordinary People
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.
THE SOLUTION:
844
6.55K reads
CURATED FROM
IDEAS CURATED BY
Compound interest is a powerful force, and it can help you grow your wealth and life in general.
“
Other curated ideas on this topic:
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...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates