One of the most powerful sayings is…
Slowly Slowly Catchy Monkey
It may not seem like much at first glance but it explains that the best results come from being patient and taking slow and steady action.
Monkeys are fast, and if you go rushing in trying to catch one, they will be off like a shot and be up in the trees in no time. You’ll have no chance of catching one if you go in fast.
However, it you sit quietly and don’t move, they will come to you because they are curious creatures and they want to know who or what you are.
Or they want to pinch your sandwich…
If you have ever been on the rock in Gibraltar, you’ll know what I mean.
When that monkey quietly creeps up on you, you are in a fantastic position to grab it by the arm or leg to prevent it from running away.
You now have your prize and you did it by being slow and steady.
Obviously, I am not saying that you should in fact try and catch a monkey. There is no reason to. I’m sure that you understand that I was using this as a simple analogy.
The reason for the analogy is that I want to share with you how starting small and being steady can in fact give you the result you want… and potentially faster than if you first rushed in.
I was thinking today about the power of compounding and how a small percentage increase could soon add up to a lot of money.
I wondered what would happen if you tried to earn just 5% each day starting with only £100.
On day one, you would need to earn £5.
Doesn’t sound a lot, does it?
It’s not going to buy much, maybe a coffee and a cake or a fish and chip supper. It certainly won’t buy both.
On day two, you would earn £5.25 turning your initial £100 balance into £110.25.
Again, this is not a lot of money.
On day three, you would need to earn £5.51 which would now give you a balance of £115.76.
In three days you have earned £15.76.
People forget that when the balance grows, the 5% has more to work with. So after three days of earning 5% on an initial £100 balance, you are left with £15.76 and not just £15.
You are not earning 5% on £100 each day… that is just the starting point, and this is where it gets interesting.
Do you know how much money you would have after one full year if you earned 5% each day from a starting balance of £100?
On the 365th day you would have £5,421,184,157.78.
(Check the figures here: Daily Compounding Computer)
That is a HUGE amount of money… and one I suspect is not going to happen due to too many real life variables such as TAX etc.
Let’s think about time for a minute…
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A year is nothing really. It flies by fast and for most people a year is over way too soon.
And that means time is our friend… if we remember to see it like that.
A year is not long at all and if we can keep doing what we need to do each day, by the end of the year life will be so much different.
So on day one we have a disappointing and piffling £5 which will hardly buy anything other than one meal… but on the 365th day…
You’ll have enough money to buy a small country.
Why am I telling you this?
Well, I don’t expect you to make £5,421,184,157.78 starting today with £100 and trying to earn just 5% each day… but I do believe that it is a fantastic approach to growing wealth.
You see, most people look at small numbers with disgust. They think that a piffling £5 is nothing and a small 5% is not worth their time.
But that is because they are:
- Looking at it from day one and only day one.
- Focused (or desperate) with trying to make a stack of money right away.
They are trying to catch a monkey by storming in at full speed.
If they were to approach making money in a steadier and more systematic approach, they’d have a greater chance of achieving the amount they want… and they’ll probably get there quicker too.
Imagine that you have £100 – the amount doesn’t really matter as it is just an arbitrary figure to be used as a starting point – decide what percentage you want to earn each day, then figure out a way to earn that money.
If you choose 5% then you want to earn £5 on day one.
If you choose 10% then you need to make £10 on day one.
Every day after that, work out how much you need to make based on your chosen percentage and the amount you have at the start of each new day.
Here are the first 15 days of earning 5% of an initial £100 balance.
Day Earnings Total Earnings Balance
Day 1 – £5.00 £5.00 £105.00
Day 2 – £5.25 £10.25 £110.25
Day 3 – £5.51 £15.76 £115.76
Day 4 – £5.79 £21.55 £121.55
Day 5 – £6.08 £27.63 £127.63
Day 6 – £6.38 £34.01 £134.01
Day 7 – £6.70 £40.71 £140.71
Day 8 – £7.04 £47.75 £147.75
Day 9 – £7.39 £55.13 £155.13
Day 10 – £7.76 £62.89 £162.89
Day 11 – £8.14 £71.03 £171.03
Day 12 – £8.55 £79.59 £179.59
Day 13 – £8.98 £88.56 £188.56
Day 14 – £9.43 £97.99 £197.99
Day 15 – £9.90 £107.89 £207.89
As you can see from the table above, on day 15, instead of earning £5, you now need to earn £9.90.
You’ll also see that on day 15, you now have £207.89. That is more than double your initial starting balance. After 30 days you will have £432.19.
If you make money offering a service or sell products with a fixed price, it will be hard to earn pennies.
If what you sell pays £1 profit, £5 on day one requires you to sell five items, but on day two, you cannot sell a quarter of a product so you may need to adapt the approach to suit what you do.
Horse racing is probably the best way to grow a bank daily because you can set your daily win target and stake accordingly.
There are no products to sell and there are no services to offer which means that you can be more accurate in your daily approach.
System 903 does exactly this.
Using the system, you work out what your daily win target is for each day and grow your balance.
Roy, the guy who developed the system did just this at the beginning until he had a balance big enough to allow him to earn £903 each and every week.
Because of the nature of horse racing and the amount of money involved per race, there is a ceiling to how far you can go with your daily 5% increase.
You won’t earn £5,421,184,157.78 after 365 days…
But you could earn £47,000 or more, which isn’t too bad really.
Roy now earns £903 each week using his system.
That is more than enough for him, and I suspect it is more than enough for most people, especially when you consider what little is involved in making that money.
To learn more click the link below:
System 903
Kind Regards
John Harrison
PS… Please note; there are only 250 copies available. Once they’re gone, they’re gone. No more will be printed after the last one has been sold.
Here’s that link again: