The Power of Compounding
Jeremy Scott Fitness
Jeremy Scott Fitness
4.9 • 1.8K Ratings
🗓️ 18 March 2018
⏱️ 6 minutes
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| 0:00.0 | What up guys? Welcome back in the Jeremy Scott Fitness podcast and radio show. We're having a Sunday morning edition here called The Power of Compounding. We're going to tie this into fitness and pretty much everything else in your life. Most of you are familiar with this in the financial world or hopefully you are, have a financial advisor or someone, you know, helping you save money for retirement |
| 0:21.1 | so one day you don't have to work and you can just lay by the pool, sip drinks, be jacked and |
| 0:25.5 | tan and just living the dream. And the simple way to think about it is this. It's compounding works, |
| 0:31.4 | you guys. It's a real simple concept and it works in finance and it works in fitness and it works |
| 0:35.9 | for basically everything else you do in your |
| 0:37.7 | life and bear with me for a second you can invest 400 bucks a month in the market for 30 years |
| 0:44.0 | and you can probably become a millionaire even though that $400 investment over 30 years was only an |
| 0:49.7 | investment of $144,000 but you became a millionaire how well How? Well, compound interest is how it works. At a rate of even, |
| 0:57.8 | let's say, 8% over 30 years, you can make a million dollars over the compound interest. It's pretty |
| 1:04.2 | simple stuff. The interest compounds, it doubles over time and over time and over time. And all of a sudden, |
| 1:08.1 | once you get to 200K, 300k, 300 to 200k 300k it grows a lot faster success |
| 1:13.1 | breeds success it's basically think of it like a giant snowball of momentum rolling downhill just gathering steam |
| 1:19.0 | gathering steam and the bigger it gets the faster it rolls that's essentially how compound interest works |
| 1:24.2 | at least the way my brain thinks about it and when you you guys think about it in fitness success, business success, relationship success, life happiness, they all work this way. |
| 1:33.4 | It's not the home run, like, aka the lottery ticket moment, the quick trick, the fad diet, |
| 1:38.6 | the make money fast scams that bring long-term success in life. As old saying is, easy come, easy go. And I believe that. |
| 1:46.9 | More often than not, it's the small, simple daily rituals, habits, and practices that compound |
| 1:51.8 | over time that make you healthy, that make you fit, make you lean, allow you to be in shape, |
| 1:57.0 | they make you rich or financially stable, they let you be happy, they leave you fulfilled |
| 2:00.8 | and successful. Again, it's not one thing that drags people down and it's not one thing that makes people ultra successful. I know a lot of people saying, oh, I'm waiting for my big break. Even those people who you see seemingly blow up overnight, it's probably from the tens of thousands of hours of work they put in years before that. And I hear it all the time, even in our industry. |
| 2:19.0 | People are like, oh, it's so cool, you get to do this and you get to do that. And it's true, I go, but if I told you what I had to do to get there and the hours and the things I gave up, you'd see that it wasn't like this one and done kind of success story, like, oh, I just got lucky in one scenario. So think about this. If there's some area of your |
| 2:35.4 | life that you guys are lacking in, and I'm sure there is, I have a handful myself. I'm by no means |
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