“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”
Compounding exponential increases value over time.
The classic example is money, of course.
But really any type of time-bound commitment can be compounded.
Skills — By deliberately practicing every day, your skills increase over time.
Relationships — The more you invest in a relationship, the greater the value you each get out it
Content — Not all content is created equal, but great content content lasts and provides value long after you hit publish.
Wine — 😉
Of course not everything returns exponential value equally. (Not even money. Sticking your money in your mattress isn’t going to have the same return as an index fund, for example)
Regardless, investing your time into what you love and want to grow and be great at will reap rewards ten fold.
Invest in what you want to be great at.
If you want to be an incredible dancer, then invest in it every day.
If you want to be an entrepreneur, same same.
You might not seem to improve at all today.
Or the next day.
However, bit by bit you’re improving, you’re making progress and momentum.
STAY BOLD, Keep Pursuing,
— Josh Waggoner
Daily Blog #586