Ifeanyi Enoch OnuohaFailure or success do not happen by accident, they are the compound interest of action or inaction.
About This Quote
This quote is an optimistic reminder that you are the only person who can control your destiny, because it is ultimately your actions that will determine your success or failure. As this quote says, “Failure or success do not happen by accident, they are the compound interest of action or inaction.” The idea of compound interest is how interest works on money, which was first discovered by Sir Thomas Percy in 1694. Compound interest happens when money is invested regularly so that the same amount of money earns more money over time. The best way to describe compound interest is to imagine it as having a snowball rolling down a hill.
As the snowball rolls down the hill, it picks up speed and gathers snowball after snowball until it has grown into a huge ball of snow. The size of this snowball matters very little because the result is still the same: The snowball will keep rolling until it hits something (or someone) and stops. This is exactly what compound interest does for money; it gathers interest every day until the balance has grown very large.
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