Tag Archives: Dave Ramsey

The Compound Explosion

I’ve been going through the Financial Peace University course by Dave Ramsey. The first session blew me away when I saw this chart. Let me first explain to you the Story of Ben and Arthur:

Both save $2,000 per year at 12% interest. Ben starts at age 19 and stops at age 26, while Arthur starts at age 27 and stops at age 65.

At age 65, even though Arthur only saved for only 8 years and Ben, 39 years, Arthur never caught up with Ben! This is the power of compound interest! The lesson we all learnt in that class is that compound interest is a mathematical EXPLOSION and we have to start NOW.

My first thought after learning about savings turned to God. Sharing Jesus with others and investing in others are also under the power of compound interest. Can you remember the person whom you shared Jesus with and got saved? How they in turn got discipled and influenced another soul for Jesus. I’ve heard that if you reach one soul for Jesus each year and in turn that person reaches another each year, it will only take 33 years for the whole world to be saved. Imagine if the person who told us about Jesus simply procrastinated, well, because it was “out of their comfort zone” to share the gospel, the number of lives that are at stake, including yours.

It’s easy to procrastinate. There’s a resistance force that is present in everything good that you want to do. Steven Pressfield in his book “The War of Art” explains what this resistance is. There were many points, but I’ll share only 8 of them that impacted me:

  1. Resistance is Invisible: You can’t see it, hear it, touch it etc, but it’s there when you want to accomplish something
  2. Resistance is Internal: It is the enemy within
  3. Resistance is Insidious: It will tell you anything to keep you from doing your work. Resistance has no conscience
  4. Resistance is Implacable: It cannot be reasoned with. It understands nothing but power
  5. Resistance is Impersonal: It doesn’t know who you are and doesn’t care
  6. Resistance Never Sleeps
  7. Resistance is Fuelled by Fear
  8. Resistance is Most Powerful At the Finish Line

We have to fight resistance and not procrastinate in life. I rather be a Ben than an Arthur, and this takes starting early and starting NOW. Not only in finances, but also in the things of God. I don’t want to miss out on any compound impact that I can have on others, that’s why I’m determine to start early and start NOW. I believe that God rewards us by our efforts and His rewards are also compounded when what we do affect others in a compound way. Don’t keep putting off things that you feel God wants you to do, if you keep leaving it for tomorrow, at the blink of an eye, you’ll turn old (*gasp*) and regret it. Don’t miss out on what God has in stored for you. Start NOW!

What do you do each day to fight Resistance in your life?

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Leaders Are Readers & Readers Are Leaders

As I grew up as a kid, I love books. My dad will bring my sister and I to the public library and it was my weekly highlight. When I read, I would enter a different world and indulge and be totally engrossed in every story, drama, journey, life lesson that the book brought me to. When I became a Christian, I was introduced to a different genre of books. One that brought me on to a deeper journey with God. Books, and reading and learning from them has helped me in my faith and ultimately grow in leadership skills. I can’t imagine my life without reading!

If you want to learn to lead, start by reading a good Christian book today. Here are some Leadership books that I find are excellent:

1. EntreLeadership by Dave Ramsey
2. The Influential Leader by John Haggai
3. Principle of the Path by Andy Stanley

Share one leadership book that you’ve read and liked!

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