It’s been a while since I’ve written about mindset, but since it is arguably the most important factor in a successful life, it seems like it’s time to get back into it.
Compounding interest is well-known in investing circles. It’s a pretty straightforward principle. When you make an investment, add periodic interest over intervals of time, it compounds and grows exponentially over time.
It’s a simple concept, but maybe the most important concept one can ever learn in this life.
And it has nothing to do with finances.
Take a look at this example.
This is what one thousand dollars compounded at ten percent annually looks like over time. That means every year you get ten percent of your deposit added to your investment.
Look at that line take off like a rocket ship over time. It just keeps getting better.
In year thirty, you make $1,586 in interest alone on your one original thousand dollar investment. That you didn’t do a thing with.
Almost feels like it should be illegal.
But not only is it legal, it is the blueprint for our lives.
Think about what you are doing right now. Are you spending any time learning, growing, enhancing your physicality, boosting your immune system, reading books to enhance your cognitive, persuasion and relational skills?
How does that compounding look over time?
Don’t think it can compound or take on a life of its own?
I guarantee you once you start you cannot stop, nor will you want to. That’s the law of momentum. It exists, so don’t make up excuses. Accept it, and make it submit to your will.
With every step forward, your next step becomes more momentous than the one before.
Don’t believe me? Check out this article on what I call the “five minute rule” and try it out for yourself. It will compound and it will grow and there is nothing you can do about it.
Those are the rules and, if you want to succeed in life, you have to recognize those rules, play by them, and use them to your advantage.
But what if you’re doing none of those things to advance yourself?
If you think the rules stop with you, don’t kid yourself.
Doing nothing, stagnating, and sacrificing your growth and success compounds too.
And it’s not pretty.
And the longer it goes on, the closer that line goes to zero, and the farther you have to climb back up. You may get so far down that you feel you can’t do it.
But that’s a lie. You can do it, once you start.
Take a real close look. That line never does touch zero, does it?
It’s never over until it’s over.
But I wouldn’t wait. The gains to be made are too precious.
It’s time to go inside ourselves, level up, and add value to this world.
Once you do so, I guarantee you the world will look a lot better to you.
And to everyone else too.
So, what does your life look like in thirty years?
Enjoy what you found here today?
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