Compound Effect

Developing anything of value requires one's understanding of investment, the process of compounding any benefit is in the re-investment of that return. Take a financial example, in 1943 Anne Scheiber retired from the IRS where she worked as an auditor until she was 51 years old. Her income at retirement was $3150 per annum yet at her passing she left an estate worth 22 million dollars. Frugal in her lifestyle Anne Scheiber understood the effect of compounding the return from her investments in the stock market, she had been there for the long haul without taking the profit and spending it. She died at the age of 101 and had managed to amass a huge fortune but the price she paid was she missed out on lifestyle. It is hard to have both without risking the very investment required to bring in the return, that is the trap most people find with wanting the material comforts verses the economic comfort. How can you apply this lesson to your current situation, well the secret is to understand that you invest yourself DAILY compounding your SKILLS, collecting and developing your emotional strength, building your vision, discipline your attitude and care about people, with this you will emerge with a tag of leadership creating momentum towards a tangible result in any field you apply yourself at.

Success is compounding your knowledge and experience to understand what you know and what you don't know. This is the competence that will make you highly effective and respected. If you are in it for the long haul then the sooner you start the better.

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