Compound Interest in life
You are investing without knowing it. You may not be seeing a return, but that may be because you don’t fully understand the concept of compound interest.
When I am referring to compound interest, I am not talking about financial investments (although you should have an education on this topic because it can free you in ways you didn’t think possible – seriously your future self is sending you a message from 20 years later to start investing!).
I am talking about investing time and attention into things that will gradually improve over time and increase in value.
When you invest, you want a return, but compound interest is a return on the return. It is not a matter of collecting, but a matter of putting the same amount in and getting more and more back.
For example, learning the efficient short cuts for productivity and organization in a program like Outlook or Gmail can save you time. The more you learn, the easier and more efficient you become. This means it takes less time to accomplish more and greater tasks.
Acquiring a new skills is a matter of compound interest. Take the simple example of learning an instrument. 10 Minutes a day. A small investment, over a week, over a year, over a lifetime.
If you think of it as I need to practice 3,360 minutes to see results? I’m out. You will be overwhelmed. If you think of it as 10 minutes a day then it is completely manageable.
“What your future self from one year from now wish that you would start doing today?”
I will be sharing more ways of applying this principle as we combat a major topic that affects us all: Burnout
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