compounding is the process in which an asset's earnings from either capital gains or
interest are reinvested to generate additional earnings over time compounding therefore differs
from linear growth where only the principal earns interest each period now until you learn
these two key concepts that i'm going to talk about in this video right here it's going to
be very difficult to grow your business on your entrepreneurial journey now the first key concept
i want to go through and share with you guys is kind of the compounding compound interest
but we've got another compounding component i'm going to talk about here in just a second so
i was reading a book just this past week and it was taught giving the example of would you rather
have a hundred thousand dollars every single day for the next 30 days or would you rather have one
penny today double that tomorrow double that day three double that day four and after 30 days which
one would you rather have now if you think about that a hundred thousand over thirty days that
seems like a total no-brainer because that'd be three million dollars that you would get over time
however when you look at the power of compounding and doubling right here you can see if you took a
single penny and double it every day by day 30 you would have 5.368 million dollars and then the next
part of this is really important because it says however it's important to note that it's all about
the power of doubling if you ask the same question but change the doubling time to just 27 days as
opposed to 30 you would only have 671 000 now you might be looking at this and be like jason yes i
know i've heard about compound interest before i kind of got the concept i know how it works
what is this other component of compounding that you're talking about and you're hyping up so much
right well i want to share with you guys a couple different stories here to kind of illustrate
the power of this other factor of compounding and that is compounded effort or compounded work or
you could even call it compounded focus and this kind of all goes back to when i first started my
youtube channel back in 2018 and when i started my youtube channel i was literally making like less
than 50 cents per hour for the amount of time that i was putting into that youtube channel
but i had friends that are already a year down the road and i saw how much they were making
from the amount of time that they were putting in their youtube channel and so i figured if
i just compounded my effort and my focus my energy and my work into this youtube channel
i figured it would pay off in the long run now obviously fast forward almost four years now
and it pays out tremendously now also when i was going through and i was starting my own software
company arsenal mkg which most of you guys know is a real estate lead generation and crm platform
i was only charging 99 per month for software subscriptions and actually originally before
we actually had our minimum viable product i was charging 39 and then i bumped up to 49
but if you look at that you have to have a lot of accounts just to make any type of money so if
you're charging 99 per month let's say to make ten thousand dollars per month you have to have
100 users paying you 999 every single month and even at that if you're paying software developers
support people account reps all that stuff you're really not profiting that much money but what i
realized was if i go through and i stick with it for the long term mindset and i compounded
my work my effort my energies and just found the core things that work and just keep doing
them day in and day out day in and day out even though where they were a little bit monotonous
and boring i found myself years later at a point where it was actually paying out tremendously
i found myself years later where it was actually paying out a pretty nice wage every single month
and i learned this concept again when i started going through and referring people to a specific
software company who i'm an affiliate for now and in the beginning i was like man i like i've
got to go through and refer a ton of people for any of this to actually really make a difference
and in a very short time just because of the audience that i've grown over the last several
years i've been able to slowly compound that to the point where now it's paying a pretty nice
monthly income now you might be looking at this and like jason how does this actually relate to me
why are you shooting this video why are you posting this on your channel compound interest
is cool but what is this about the compound work and effort and focus and all that cool
stuff that you're talking about now the reason why i'm shooting this video and i'm posting here
on the youtube channel is because i've gotten a lot of comments lately about hey should i switch
niches should i switch my offer should i switch this or did i switch that i've been trying this
for a little bit but should i switch it up and so i know it's something that a lot of people
struggle with of not knowing if they're really making the right moves in their business and with
the slow growth sometimes it's hard to know that you're actually working towards the right goals
especially nowadays how so many people are so caught up in making ten thousand dollars per
month in their first 30 days 60 days 90 days even though you might be thinking like jason i'm not in
this for the get rich quick scheme but because of what is portrayed online on social media
and yes i know i've used it as well because it gets the clicks it gets the attention in
um that is not always reality what is reality is you might get 30 days in focusing on some specific
niche some specific offer and you're going to hit a roadblock right and then maybe you're find some
way to climb over that roadblock and get past it but then guess what maybe another two weeks later
you're gonna hit another roadblock and then three months later you're gonna hit another
roadblock and then another roadblock but if at each roadblock that you hit you think about hey
maybe i'm not in the right niche maybe my offer is wrong maybe this is wrong maybe that is wrong
then you're never really gonna make any sustained progress i mean just think about with me if i
started on youtube and started making some videos and i was like oh man it's been 60 days now and
i've only got 100 subscribers maybe i should try instagram or now maybe i should try tick tock or
facebook and i just jump back and forth from all these different social media platforms
i would have gained absolutely zero traction the same thing with my arsenal mkg software
if i went through and i was like okay well i'm going to go through and i'm going to try to work
with real estate agents i'm going to charge them 99 bucks a month oh i only got 10 clients this
month and so um that's only a thousand dollars per month that's not really worth it so maybe
i'm gonna go through and try some other niche or some other offer try this or that the truth is
it takes time with whatever you're doing to really figure out what works and then once you figure out
what works a lot of times it doesn't scale as fast as you would hope so you just got to stick with it
and find out what works and then improve your processes and systems around what already works
and then keep doing what works every single day every single month and if you want to fuel that
growth even more that's the beauty about paid advertising you can throw more money into paid
advertising and if it's something that works already then that's just going to exponentially
increase the amount of results that you're getting and then as more time goes on and you hit another
roadblock because you're growing your business you're scaling every business has growing pains
you're now able to go through and figure out how to actually blow through that roadblock because
the truth is if you can't get past the initial roadblocks right at the very beginning when
you're starting to grow a team and your lead generation starts to scale and you have more
employees to take care of and train you won't be able to get past those roadblocks later on
all right so this is the key thing that i want to drive home is the compound interest you guys
have probably seen it in investing and you guys have seen some of these examples i've kind of
pointed out today in this video but the same thing with compounded work focus and energy commitment
whatever you want to put at the end of that the more you go through and compound that focus into
one specific thing and find out how to improve it improve your systems your offers your audience get
really nailed down who you're actually speaking to and then your team members and then your marketing
your advertising and it's all focused on one specific thing that's how you're able to go
through and compound your results to scale things more and more to the point where you actually can
create real time and financial freedom right so anyway guys i hope this video was helpful
if it was go ahead smash the like button drop a comment down below if you're brand new here my
name is jason wardrop make sure you subscribe hit that notification bell because i know we
are so close to a hundred thousand subscribers here on youtube which is super exciting um not
that i'm necessarily shooting for that because that's not really the point of this channel
uh but it's cool to see that other people have had some value from this channel so anyway if you guys
want to subscribe do that down below and with that said i will see you guys in the next video