If you & your friend were given a choice between taking 10 crores in cash this very instant and a single rupee that doubles in value every day for 31 days, which would you choose? Let’s take a closer look. Let’s say you take the rupee option.
DAY 01 – 1
DAY 02 – 2
DAY 03 – 4
DAY 04 – 8
DAY 05 – 16
DAY 06 – 32
DAY 07 – 64
DAY 08 – 128
DAY 09 – 256
DAY 10 – 512
DAY 11 – 1024
DAY 12 – 2048
DAY 13 – 4096
DAY 14 – 8192
DAY 15 – 16384
DAY 16 – 32768
DAY 17 – 65536
DAY 18 – 131072
DAY 19 – 262144
DAY 20 – 524288
DAY 21 – 1048576
DAY 22 – 2097152
DAY 23 – 4194304
DAY 24 – 8388608
DAY 25 – 16777216
DAY 26 – 33554432
DAY 27 – 67108864
DAY 28 – 134217728
DAY 29 – 268435456
DAY 30 – 536870912
DAY 31 – 1073741824
107,37,41,824 – ONE HUNDRED SEVEN CRORE THIRTY-SEVEN LAKHS FORTY ONE THOUSAND EIGHT HUNDRED TWENTY-FOUR.
On Day Five, you have sixteen rupees. Your friend, however, has 10 crores. On Day Ten, it’s 512 versus your friend’s crores. How do you feeling about your decision?. Your friend having fun with his crores, enjoying the heck out of it, and loving his choice. After 20 full days, with only 11 days left, the rupee lane has only 5,24,288 Rs.
Then the invisible magic of the Compound Effect starts to become visible. The same small mathematical growth improvement each day makes the compounded rupee worth 107,37,41,824 on Day Thirty-one, more than ten times your friend 10 crores.
In this example, we see why consistency over time is so important. It isn’t until the very last day of this monthlong ultramarathon that you blow out of the water; end up with 107,37,41,824 Rs. Amazingly, the compounding force is equally powerful in every area of your life.
This is best illustrated in Darren Hardy’s “The compounding effect” book. This book may revolutionize your outlook towards work and work ethic.