October 24, 2020
Compounding

Compounding is a concept that primarily comes from finance and economics. Basically compounding refers to the interest on interest that you gain on a deposit or a loan. Albert Einstein once said that Compound Interest is mankind's greatest invention. Compounding goes beyond the field of economics. It can be applied to relationships, habits, learning as well. If we try to boil it down, it comes to two things. The frequency component, i.e. the sheer disciple of performing a task or sitting down to write consistently, day after day. Lionel Messi once quoted "I start early, and I stay late, day after day, year after year. It took me 17 years and 114 days to become an overnight success". The second component is the passage of time. Sometimes the change is not visible and it can be demotivating. But sticking to the process is the only way to manifest compounding.

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