A book named The Compound Effect by Darren Hardy has changed my entire concept of personal finance and lifestyle on how the law of compounding can completely transform the universe and human mankind.
A very simple yet effective concept which says that nay small amount of effort made over a period of time is going to compound and is going to give exponible results. The law of compounding is the eighth wonder of earth.
The law of compounding by Darren Hardy
A revolutionary book based on the concept of compounding which is a universal principle of personal finance. It is used by managers and advisors to promote various banking and Insurance products. No matter what part of life you can think about his law applies every where.
Can compounds be broken down
Well just think about two friends, one who who drinks healthy natural drinks like coconut water, fruit juice and warm water as compared to the other friend who just searches for ways to drink added with sugar and caffeine such as soft drinks, cold coffee and energy drinks etc.
What would the impact of both types of drinks on both the friends the first one will have a healthy and fit body and second one will suffer from various kinds of diseases such as diabetes and obesity.
This is because any type of habit good or bad is gong to become a habit and with the impact of compound effect it will accumulate as toxins in human body.