I was being asked this question during December,
"Given 1 million, vs 1 cent compounded daily, which do you choose"?
"How about 2 million vs 1 cent compounded daily?"
"How about 3 million vs 1 cent compounded daily?"
I know which I will choose.
Which do you choose, and Why?
Watch what happen with the outcome of choosing both?
It's pretty obvious isn't it?
Often, we may be attracted immediately to $1 million, because it's instant. Immediately you get $ 1 million to do whatever you want, rather than 1 cent compounded daily. 1 cent seems too small compare to $1 million.
Back to the basic of compounding, we know the real big money is when it's compounded, it's a delay gratification.
Like what Albert Einstein mentioned
If I wasn't step into HFF Franchise business, I may choose $1 million.
When I was working in a bank, I used to enjoy the good salary, it was a instant gratification, similar to if I get the $1 million. I can use the $1 million immediately, yet will the money continue to grow or compound continuously for 3 years, 6 years, 10 years and for life? Probably not.
Similar in other businesses be it traditional business or self-employed businesses, is the income you are working compounding continuously? Are they instant or delayed gratification?
What happen if you stop working for 1 years, 3 years and 6 years? Can the income continue to compound?
What is the dream you want to achieve, to travel with your family and spend more time with them?
To have more time to enjoy your desired lifestyle?
Don't let instant gratification to steal your dream. Keep calm and let compounding works for you in 2017
Have a great start of 2017
Cheers
The meaning of life is find your gift, the purpose of life is to give it away
Have you found your gift?
Siew Choon
90263064
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