Bridger Pennington explains how money earned young can compound to 12 to 15 times its value over a lifetime. He worked obsessively until realizing quality hours matter more than quantity. Now he takes holidays and focuses only on tasks that move the needle.
Chapters
When you're young, every dollar you make should be worth 12 to 15 times over the course of your lifetime. So if you make $1,000 today, that should be worth to you $15,000 to $18,000 over the course of the next 50 to 60 years if you compound correctly. I had that in the back of my brain like, so every hour that I don't work also compounds negatively over my life. So for a long time, I had this complex like I would not take vacations. I would not like— I had to like really— I was like, I'm working weekends, I'm working holidays until I have a base level of income that's okay that I deserve a holiday. I was so efficient like I would try to sleep for only 5 hours, 6 hours. Some senses that pushed me super hard, in other ways I think it was kind of toxic a little bit. And finally, this book told me like, you need to calm down. It doesn't matter how many hours you work as long as you have focused hours that really move the needle, and that changed everything for me. I took Christmas off or I'd take like Thanksgiving off or whatever, and I started to focus my hours that I was working on very needle-moving activities that would move my business forward.