Magic Penny - Deepstash
Magic Penny

Magic Penny

If you were given a choice between taking $3 million in cash this very instant and a single penny that doubles in value every day for 31 days,

which would you choose?

Now, calculate independently and see the “magic” of compounding pennies.

355

3.95K reads

CURATED FROM

IDEAS CURATED BY

rdx

Just another homo-sapien

I found that Compounding is vital across various aspects of life i.e. finance, education, health, skills, productivity, personal development, emotional well-being and relationships. In essence, compounding serves as a foundational principle that magnifies progress, allowing gradual, sustained efforts to yield remarkable results across diverse life domains.

Similar ideas to Magic Penny

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.

For example: Would you rather have (A) $3 million upfront or (B) one penn...

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...

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.

Email

I agree to receive email updates