A short conversational excerpt from Chad Silverstein (Day 297: Phronesis...) where he and another speaker use the financial concept of compound interest as a metaphor for personal and professional growth. They describe how small, consistent actions (e.g., discipline, producing work, regular effort) compound over time into large gains, urge persistence (don’t give up quickly), and identify the target audience as people with a growth mindset who are willing to do the work.
Chapters
I learned a concept early on, and my friend and I used to always joke around. We'd say, we talk about compound interest. And it was when we started learning about mutual funds when we were in college, we were both spending like 50 to 100 bucks a month and buying these mutual funds. And we said, you know, we learned about this concept compound interest, which is basically like you have a certain amount.
Of money in the bank, and then.
You make interest on that money, but then because you now have that money.
Plus the interest, now you're making interest on that money. And so it compounds.
And so, I don't know. I'm sure a lot of the financial planners and all the clients in our community can tell you better than I can about what happens every seven years.
And if the market does a certain percent, you double.
And, you know, there's.
There's patterns and there's history for us to look at so that we can.
Understand how this works.
But the same thing applies with our growth. And when you can understand the power of the six pack, understand the value of an opus, understand the discipline in process and productive actions, and you just do them consistently, there is a compounding result and impact that happens when you look back that you're just like, whoa.
And I think people give up too quick. They give up too quick.
They have good excuses why they give up good excuses. And that's why, you know, build leads for a few. It's not for everyone, but you put in the hard work. And I've seen it doesn't matter who you are, it doesn't matter if you're the founder, it doesn't matter if you're the new person that just started as an entry level on the team. It does not matter.
This is why, for me, my target audience are people with a growth mindset.
People who want to grow, and people.
Are willing to do the work. Because it doesn't matter who you are.
Where you are in life, if you're willing to do that, you will grow.
And that compounding happens sometimes in those.
Fits and starts where all of a sudden you'll get a burst of performance, and it's like, who is this person?
It's the coolest thing to see.
So just know that there's a process.
You can follow it.
You just have to do it. Just have to do it. So what are you waiting for? Just do it. Just get back into doing what you stopped doing and do more of what has been working.
