The compound effect by darren hardy summary

 Today we are going to know about a powerful think understand what i am saying and apply it step by step mean's. By this you get a big achievement by small steps.

             You can beat people who are smart and talented than you it will help in your health wealth and relationship also. That powerful thing is 'COMPOUND  EFFECT'
            
                 Einstein also said about compound effect. It is the 8th wonder of the world. He who understand it earns it and who doesn't understand pays it.

                  Once up on a time there a king played chess he loved the game and call the creater of the game and said ask what you want ? He asked give me a grain of rice from the first square and double it on every forth coming square.

           The king said you are insulting me ask any gold or demand.
                He said no that's enough for me.

 

     The king call the  solger and said give him the rice he asked for,

         After someday the solger come and said, he is not a fool no body can give what he asked. The king was shocked how is it possible.

         I will explain on chess bored their are total 64 box in first box 1 rice then next it doubled by that total 64 box means the rice become 18,446,744, 073,709,551,615  is the total number of grains of rice. It means 461 billion metric tones. It mean the value of rice is 300 trillion us dollar. That means the total wealth of world is that's all.

     Now we can know he was not a fool. He understood the power of compounding. He not ask some rice. He ask the whole wealth of world by. this the money grows rapidly as time increases it was explained by the snow ball effect.

           Let's play  a game today we have two offers 5 crores today or 1 rupee doubled for 30 days what will you choose

     For example...

                  You choose the five crores and your friend choose 1 rupee

•       5 crore Rs _ day 1 - 1Rs

     
                      

•      5 crore Rs _ day 18 - 1,31,072Rs

    

•       5 crore Rs _ day 30 - 5,368,70,912.00

     

        By this you loss 48 crores and your friend get 48 crores profit. It is compounding.

•        It grow slowly the next worth of warren buffet is growth after 50. Incredible growth offer trapping point.

 

•       Many of them like to read book for improve their life. But, they quit before tripping point. You can apply this every expect of life

 

• .      There is nothing like overnight success. For this their is a statement of messi. I start early and I stay late day after year . It took me 17 years and 114 days to became an overnight success.
•         Start small and be consistent go will see results. Do everything intentionally . So, I am tell this point by the book of Daren Hard days the 'COMPOUND   EFFECT'.