Power Of Compounding : Turning Small Efforts Into Great Results.

Start small grow big.

Photo by Anne Nygård on Unsplash

What is the most powerful thing in the world some people call it the 7th wonder and some call it the wealth multiplier, yes it’s compounding.

Those who know the importance and the power of compounding will never underestimate it.

An old story.

Once when I was in 10th standard my maths teacher teacher asked the whole class.

Would you accept 1 million dollars or 1 dollar and it will multiply each day ? Most of the kids in the class said I would rather go for 1million dollars I was also one of them. He knew the Answer and then he shared the power of compounding with us.

This is how compounding works.

So each day the amount doubles from the previous day.

Day 1 — 1

Day 2 — 2

Day 3 — 4

Day 4 — 8

Day 5 — 16

Day 6 — 32

Day 8 — 128

Day 9 — 256

Day 10 — 512

Day 15 — 16,384

Day 20 — 524,288