I have been crying hoarse over so many blog posts on the fact that if you invest even very small amounts on a consistent basis, the law of compounding will play its role and you will end up with very large sums of money over a long period of time. For compounding to work you need to things – a long runway and high frequency / rate of interest.
I have heard a lot of speakers talk about massive action, lots of action to move ahead in life, to change behaviors. Frankly for me to change my habits has been tough.
I have written earlier about this book by B. J. Fogg called Tiny Habits where he has this formula B=MAP for creating major behavioral changes.
If you are like me who cannot keep being motivated 36 hours after hearing a Motivational speaker, and you would like to bring about changes in your life, then this book is a must read for you.
I have used ideas in this book and after 3 + months of using the methods in the book, I have definitely been able to make a lot of changes in my behavior.
But the bigger thing I realised that this method which B.J.Fogg has devised actually works on the law of compounding with small changes being done over a period of time resulting in massive changes over a long period. And unlike the resistance your brain gives to doing one massive change, small changes fall below the radar of the resistance of your brain.
The key is consistency – every day trying to get the ball into the basket – one basket at a time
Read this book. Try out his ideas and let me know your views.
Till next time