1-Minute Dailies: Series I
Day 2
Compounding
Do you know that as of 2019 only 5% of the people in the world have taken a plane trip?
I bring that up because in working over the past 3 decades around the world in more than 50 countries, most people I meet do not know about “compound interest.” My guess is about 1% or less of the people on the planet understand COMPOUNDING and it’s non-linearity!
Here’s an example:
If you take a US penny and double it, and then everyday double that amount again, 2-4-8-16…
On DAY 27, your penny doubled everyday will be worth more than 1 million dollars.
Most people can’t conceptualise NON-LINEAR GROWTH, and it occurs everywhere compounding does… including in your personal development journey, thus… a little bit goes a long way — just as I noted in 2-98 deep work, where 2% of your time is focused ATTENTION.
BUT if you skip the investments you make, you lose the power of compounding, just like if you skip “doubling a penny.”
Every 24 hours you INVEST 1 minute for development, read your daily — put your subconscious mine to work in the background — and watch your EFFECT become ATTRACTIVE.
Invest in compounding daily, don’t skip.
Mike R Jay, Developmentalist
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You, Me, and We @F-L-O-WMike R. Jay is a developmentalist utilizing consulting, coaching, mentoring and advising as methods to offer developmental scaffolding for aspiring leaders who are interested in being, doing, having, becoming, and contributing… to helping people have lives.
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