The Magic Penny - Deepstash
The Magic Penny

The Magic Penny

Option 1: You are offered $3 million.

Option 2: You are offered a single penny that doubles in value every day for 31 days.

After 31 days:

  • If you chose option 1 - You have $3,000,000.00 (if you don't spend it)
  • If you chose option 2 - You end up with $10,737,418.24. FUN FACT- on day 29, you will only have $2.7 million. You beat option 1 only on day 30.

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Compounding is the eighth wonder of the world - Einstein. Check out: https://whealthlab.blogspot.com/2024/07/book-simplified-compound-effect-by.html

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