A father not far from passing away offers his two sons a choice. He say that they can either choose $0.01 or
$1,000,000 to do as they wish with after his life has ended.
Once they make the choice it's final. If they chose to take the $0.01 the ailing father left instructions with his banker to double that penny every day for the next month. If they chose the $1,000,000.00 it was theirs to do with as they pleased.
They were given a night to choose. One son stayed up all night debating his choices while the other new right off which choice to make. The morning came and both had made a decision and were ready for their father.
The son who had lost sleep over the choice by morning time had found new inspiration and had a plan by the time the daylight came around, in fact, by the time he saw his father, he was smiling from ear to ear as he found his resolve so complete for his course of action.
Their father asked his boys . . . "What do you choose?"
The one son who had devised a plan quickly chose to take the one million dollars and quickly got to work on setting it into action. He called the top financial analyst in the country and hired them at any cost to make his money grow.
They spent a week devising the perfect plan and once finished presented it to the son who had chosen the one million dollars and he approved.
Next, they quickly got to work making his nest egg grow.
Meanwhile the other son chose the other route, one cent which doubled on a daily basis.
Two weeks later the two sons met.
The first son had his million and the second had about $600+.
Both were excited, but once the first son found out that his brother had chosen to take the $0.01 option he pleaded with him to go to his father and beg him to reconsider his foolish decision. He didn't want to see his brother with only $600 to live on once his father passed.
The second son refused.
29 days in, the first son who had chosen the one million dollar option was up to one and half million playing the stock market. All seemed well, but . . .
His financial planners fees were just over half a million dollars, so actually he was a little in the red.
Meanwhile his brother was up to 2.5 million dollars.
The final 3 days passed quickly.
The first son, although he had not done bad, was still at less then a million dollars do to fees and expenses while his brother had understood something that he hadn't. His brother's final net worth from starting with just $0.01 was now over ten million dollars.
His brother had understood the power of the eighth wonder of the world.
Compound interest . . .
And flourished for it.
The lesson here is two fold.
1. In your home based marketing business you leverage this powerful principle. You start as one and over time you grow exponentially. Half way through you may feel like you're not as far along as you would think, but believe me you're well on your way and you'll arrive at your financial goals far faster than you expect as long as you understand the rule.
2. This principle goes deeper than just your business, it has to do with your ever success or failure you create in your life and relationships. Those results are compounded result of the little things you do every single day be they good or bad. Eating McDonalds today won't make you any less or more healthy than eating a salad, but look a year later and you'll surely see the compounded effects of each path. It's the little things you do every day that build your relatonships, your business and your life. One to greater health one small decision at a time and one to bad health one small decision at a time. It's the little things that make a difference. Take care of the little things and the big decisons will take care of themselves.
It really is the small things that make the big differences in the long run. Don't loose site of it in your life, your relationships or in your business.
Sunday, June 15, 2008
One Decision At A Time
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