(26) The Compounding Effect - How 1% Rule Work and Affects Your Growth (The 1% Rule for Success)
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The 1% rule will help you in that aspect of life where you procrastinate things and get long term success in Life. Albert Einstein when asked what he considered to be the most powerful force in the universe answered: Compound interest! The One percent Rule is Similar to the compounding effect and it is a secret of success too. Compounding interest is an asset in financial investments yet it can also benefit your life in more ways than one. In fact, the concept behind it is the reason why it will work for you. The principle of compounding interest suggests the combination of your small achievements will lead you to the success you have been working for. The 1% rule teaches you to appreciate every success you experience – big or small. However, compounding interest can be a double-edged sword depending on how you apply it to your life. Bear in mind if you continue to discount whatever victory you accomplish then you risk missing out on the success you want. Learn more about the 1% rule to find out how it can work best for you. The 1% rule for success is the rule in which you work 1% every day to grow yourself and by the end of a year you will be grown 365% than you were, it's basically compounding of the work you are doing every day which will reap you compounded result by the end of a particular time period.
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