The Power of the Compound Effect

“Most people overestimate what they can do in one year and underestimate what they can do in ten years.”

-Bill Gates

The compound interest is considered by many to be one of the eight wonders of the world.

Too often, this incredible force is underestimated.

After years of reading books and listening to podcasts about this topic, I realize that it is due to a lack of vision.

Guys, I'm not telling you that reaching goals and being superior to the crowd is simple, but it certainly is, most of the time, a long road.

This principle is at the core of the concept of Dollar Cost Averaging (DCA).

With repeated buys over the long run, market oscillations become less relevant, and the chances of profit increase.

I want to give you an example to visualize this and start thinking about it in your life, not just in investments.

How many 10x returns do you need to make $1 Million from $1,000?

Just three 10x returns.

1,000 × 10 = 10,000

10,000 × 10 = 100,000

100,000 × 10 = 1,000,000

It's ridiculously easy and simplified, but remember that during the previous bull run, people experienced 1000x returns in some projects.

Projects like SOL, ADA, DOT, XRP, and many other famous coins grew around 100/200/300x from the early stages of 2020 to the bull phase in 2021.

Patience is the key.

Master it.

If you want to delve deeper into this concept, read the book:

The Compound Effect by Darren Hardy