Let’s study the power of a penny doubled.
We’re going to take that one shiny penny and double it each day for 30 days. Believe it or not, we’ll end up with much more than a million dollars.
Day 1 - $.01
Day 2 - $.02
Day 3 - $.04
Day 4 - $.08
Day 5 - $.16
Day 6 - $.32
Day 7 - $.64
Day 8 - $1.28
Day 9 - $2.56
Day 10 - $5.12
Day 11 - $10.24
Day 12 - $20.48
Day 13 - $40.96
Day 14 - $81.92
Day 15 - $163.84
Day 16 - $327.68
Day 17 - $655.36
Day 18 - $1,310.72
Day 19 - $2,621.44
Day 20 - $5,242.88
Day 21 - $10,485.76
Day 22 - $20,971.52
Day 23 - $41, 943.04
Day 24 - $83,886.08
Day 25 - $167,772.16
Day 26 - $335,544.32
Day 27 - $671,088.64
Day 28 - $1,342,177.28
Day 29 - $2,684,354.56
Day 30 - $5,368,709.12
The power of a single penny doubled is amazing isn’t it?
Yes, I know this doesn’t happen in real life but there is a real life lesson and moral to be learned.