There is a reason Warren Buffet is one of the richest men in the world with a net worth of over $82 BILLION USD.
He realized, at a young age, the power of compound interest – the mathematical principle that as your savings/investments start to gain interest, your interest begins gaining interest and then, with time, the whole shebang eventually skyrockets into exponential gains.
Whether or not Albert Einstein actually said it, the quote is often attributed to him:
“Compound interest is the eighth wonder of the world – He who understands it, earns it; he who doesn’t, pays it.”
The thing is: This concept isn’t just about money…
It’s about everything.
It’s a law of the universe.
And that’s where the big takeaway from Jeff Olson’s book, “The Slight Edge,” (which, by the way, has a 5 out of 5 stars rating on Amazon with almost 1,500 reviews) comes in…
Whether it be about getting in shape, improving your relationships, creating financial freedom, learning a skill, etc etc etc…
It’s about taking CONSISTENT, DAILY action to improve, even if it’s at a one-step-at-a-time pace.
These small good habits build exponentially positive results over time and, conversely, bad habits can send us into the black hole of exponentially negative results.
So it’s not just about those once-in-a-while “Big” moments where you experience victory; it’s also about taking pride in doing the small things well…
If you notice the chart above, growth isn’t linear. It doesn’t just shoot up in a straight line.
It lies dormant for a while, and even dips slightly downward (when you invest initial time and/or money) until it eventually “hockey sticks” upward.
During this dormant time: It’s not about the war and it’s not even about the battle – it’s about focusing on the details in between: cleaning your gun, tying your shoes, rehearsing, visualizing, practicing – it all counts along the way…
Until suddenly, your reality looks a whole lot like your dreams.
Check out the book here: https://www.amazon.com/Slight-Edge-Turning-Disciplines-Happiness/dp/1626340463/
© 2020 – Michael J. McGovern