Imagine you’d find a bank account that paid interest of 1% per day.
Unlikely I know, but work with me.
You put one pound in it.
After a week you had £1.07.
Nice, but that extra 7p doesn’t really make a great deal of difference.
After a year you’ve £37.78.
Ten years and it’s £5,870,740,000,000,000.
Nearly 6 quadrillion pounds.
You’d have become the richest person in the world (take it Bezos!) after 7 years and 9 months.
Yes, my maths is right.
Try it on an Excel sheet if you don’t believe me.
——— Put a “1” cell A1 then =A1*1.01 in A2 and drag that formula down to cell A3650. That’s right I didn’t even factor in leap years! ———-
Feel free – I checked it repeatedly as it was even higher than I’d expected.
Such is the power of ‘compound interest’.
Small changes acting on top of each other, adding up over time.
And it’s very much the same with our habits and daily actions.
Little tweaks and refinements here and there.
Barely noticeable on a daily or weekly basis.
Start to show up over months.
After years lead to massive changes.
Not sexy, not much to tell people about when they ask.
But where lasting success often comes from.
We often do the equivalent of betting our pound on the horses.
Sometimes we ‘win big’ and get quick forward progress.
More often though we slip back gradually over time.
Just make some slightly better decisions today than you did yesterday.
Even if it’s barely noticeable (many ninjas say that starting with us was one of the best decisions they ever made and that started by them all clicking this link –>myrise.co.uk/briefing-meeting).
Do the same tomorrow.
It, realistically, won’t give the same ROI as the example above.
But it will add up over time.
To big, worthwhile, lasting changes and results.
Without it all seeming all that hard work too 🙂
Much love,
Jon ‘Seriously, go and check the maths – it’s right’ Hall and Matt ‘I’ll take his word for it’ Nicholson
P.S. Another way you can check is to do 1 times 37.78 ten times (if your calculator will allow).
