.How to Use the Compounding Technique to Reach Success

How to Use the Compounding Technique to Reach Success 

By Sim Campbell

Imagine this: a wealthy man gives you two choices. He will gift you a million dollars in liquid cash right now…or a penny doubled every day for 30 days. Which one would you choose?

“I’d take the million…gimme, gimme, gimme!”

I can see you salivating right now. But…not so fast.

Wouldn’t you rather consider the penny?

“C’mon. It’s just a penny.”

Ah… that’s where you’re wrong.

It’s just a penny – but that’s all you usually start out with. If you took the choice of the penny doubled every 30 days, you’d be a multi-millionaire at day 30. To the tune of 10 million dollars to be exact. Do the math if you doubt it.

“But that’s not possible!”

But it is possible. It’s the only thing that’s possible. It’s the slight edge.

 The Subtle Power of the Slight Edge

The book The Slight Edge by Jeff Olson describes how small, seemingly insignificant choices have a massive impact on us down the line. He uses the example of the penny to get his point across sharply.

Continuous actions over time lead to vast advantages…or disadvantages. This “edge” is the differentiating factor between those who blow life wide open and those who find themselves getting tossed about like a leaf in the wind.

You see, our actions don’t occur in a vacuum. They build upon past actions of a similar nature.

You start with one. One becomes two. Two becomes four. So on and so forth. It gets easier to build off of a foundation.

This is how habits such as discipline are created.

Because of this…the slight edge is great! But – it works in the opposite direction as well. If you indulge in bad habits and self-destructive behavior, you will find it easier to do those things over time.

Your successes and failures compound on each other.

But here’s the thing: this is so subtle. By the time you realize what has happened – your results are already evident.

This is why success is not an accident. Sadly, failure is not an accident either. In fact, they’re separated by a fine line. The line is what you do or fail to do consistently over a given period of time.

 The Importance of the Slight Edge

The Slight Edge Technique

You may think this is all theory with no real life application. If you do, I urge you to look around. The car you drive, the computer you use, the body you have, the job you have – all of it is a result of slight edge application.

Rome wasn’t built in a day. It was built brick by brick.

Microsoft didn’t dominate the computer industry in a day. It started with an idea by a Harvard dropout.

You don’t have an awesome relationship in a day. It takes time.

Your health isn’t destroyed in a day. It’s from eating bad foods and indulging in bad habits over time.

You don’t develop a great skill set and reach the top of your field in a day. It takes deliberate practice constructed on a strong base of fundamentals.

There’s no such thing as “big breaks” or “quantum leaps”. Every success or failure doesn’t come in an instant. 

How to Use the Compounding Technique

“Every day, in every moment, you get to exercise choices that will determine whether or not you will become a great person, living a great life.” – Jeff Olson

Living a slight edge life is very easy to do. But it’s easy not to do.

That’s why so many people fall into mediocrity, failure, and living a life that they don’t want to live.

To continue reading, please go to the original article at

https://wealthygorilla.com/compounding-technique-reach-success/