37.8 or 0.03
Amar Pandit
A respected entrepreneur with 25+ years of Experience, Amar Pandit is the Founder of several companies that are making a Happy difference in the lives of people. He is currently the Founder of Happyness Factory, a world-class online investment & goal-based financial planning platform through which he aims to help every Indian family save and invest wisely. He is very passionate about spreading financial literacy and is the author of 4 bestselling books (+ 2 more to release in 2020), 8 Sketch Books, Board Game and 700 + columns.
April 29, 2022 | 2 Minute Read
Does this headline remind you of something?
Compounding is what I was trying to get at.
As you know, compounding works in both directions.
Can you guess the number of times you would improve (in a year) with a 1% daily improvement?
Let me give you the answer.
(1.01)365 = 37.8
On the other hand, if you were to dip 1% daily over a year, the result is as given below.
(0.99)365 = 0.03
For most people, a 1% improvement daily is a real possibility, and you can actually achieve it. On the downside though, most people might not decay so fast, but they decay at a rate that is not visible to them. The worst part is that they can’t even feel it.
I see so many firms in our industry slowly decaying. The unfortunate part is that they can’t see it, because of the mark to market appreciation in the value of their assets.
What’s happening with you and your firm?
It’s time to make a realistic assessment of where you truly stand.
Similar Post
Nano Learning
The Weakest Link Continued
Thanks so much for all your lovely responses. There were different responses such as -Process or Method of reaching prospects effectively -Negativity in media about distributor ....Read More
25 June, 2021 | 3 Minute Read
Nano Learning
The 2 Questions to ask yourself TODAY
While there are many good questions that I have written in my content library, I am sharing 2 questions that you need to ask yourself TODAY. 1. Will this solve my problem, or Will ....Read More
16 October, 2020 | 2 Minute Read
Nano Learning
It’s Priority
In his book “Essentialism – The Disciplined Pursuit of Less”, Greg McKeown wrote, “The word priority came into the English language in the 1400s. It was singular. Priorit ....Read More
27 January, 2023 | 2 Minute Read
Nano Learning
The Two Basic Functions of Business
In his 1973 book “The Practice of Management”, Peter Drucker wrote these golden words: “The purpose of a business is to create and keep a customer.
1 September, 2023 | 2 Minute Read
Nano Learning
When Preparation meets Opportunity
Imagine you are selected in the Indian Cricket Team to play a match against Australia next week. You have got the opportunity of a lifetime to play along with Virat Kohli and Rohit ....Read More
17 July, 2020 | Minute Read
Nano Learning
Technical Side of Money versus Life Side of Money
Most distributors and advisors obsess over the technical side of money – the products to choose, the benchmarks to beat, costs, returns, designations, better excel sheets and so ....Read More
19 June, 2020 | 1 Minute Read
- 0
- 0
0 Comments