Would You Rather Have A Million Dollars or a Penny?

by Jonathan on February 3, 2008

Would you rather have a million dollars or a penny doubled every day for thirty days?Let’s take a look at the penny option…
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: $83,386.08
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

Big difference between $1 million and $5.3 million, huh?The point is this: if you are in a state of constant growth … however small that growth may be … sooner or later your totals will begin to amount to something very, very significant

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1 Bonnie Wabbit February 14, 2008 at 4:55 am

In perspective, this is so true.. tunes my thoughts in to thinking much larger about the wee bitty things we normally don’t take notice of.

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