Compounding interest is not just about money. It can be applied to business and life as well. The "10,000 hour rule" says that you need to practice something for 10,000 hours to be an expert at it. That's a lot of time, if you put in 40 hours a week, every week, it will still take you 5 years to get 10,000 hours.

The problem with "Go big or go home" is that you'll often go home! The results of compounding interest are incremental, but they are important. That makes it hard, because in the short term, you can't always see your improvements, but you have to stick with it.

Don't think about being consistently great at what you're doing, try to be great at being consistent. Focus on compounding your own interest every single day, one day at a time, for a very long time. Easier said than done, but this is a winning formula. Take it from the Buckster.

 

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