One of the Best Math Concepts to Learn About in Life
The week, my middle daughter is learning about ‘Compound Interest’ in Grade 11 math.
I told her this morning…
1) Compound Interest is one of the best things to learn about in life (besides learning it in math class)
2) I will pay her $2 if she can in one small paragraph explain to me what compound interest has to do with healthy eating.
Overall, “Compound Interest” isn’t just what happens on your mortgage. It is a feedback loop of value.
When the interest value is applied, it joins with the total and is eligible for the next round of interest growth.
In Jim Collin’s book “Good to Great”, a chapter is dedicated to “The Flywheel and the Doom Loop”.
A positive element of the “flywheel concept” is compounding momentum.
One commentator on the book laid this compounding momentum out…
“By making decisions and taking actions that reinforce and affirm the company’s competencies, executives initiate positive momentum. This, in turn, results in the accumulation of tangible positive outcomes, which serve to energize and earn the investment and loyalty of the staff.”
So how can we build on past momentum to gain from it in 2018?
One way is to analyze how you gained momentum in 2017.