A Penny for Your Choice

I write a lot about making wise choices, so here's an interesting choice to contemplate:  I'll write you a check today for a million dollars or I'll give you a penny today and double it every day for thirty-one days.  Two choices - a million dollars today or the sum of a penny doubled for one month.

Would it surprise you to know that if you chose to receive a penny a day for 31 days, you would end up with $10,737,418?  (This example is from page 17 of "Dr. A's Habits of Health".)

If we didn't pull out a calculator and figure out the difference, I think most of us would be inclined to take the million dollar check and run.  Waiting for something, even if it will be a lot better in the long run, isn't something we like to do.  Instant gratification is almost hard-wired into us.  I remember as a kid hearing my dad say "a bird in the hand is worth two in the bush," and I took that saying to heart.  The problem with that saying (and my dad is a wise person who didn't really live by that saying) is that we end up settling for the immediate gratification, and that often means we settle for less than the best.

Dr. Andersen uses this example in his book to illustrate the art of compounding.  One penny on day one doesn't seem like a big deal after all - how many of us will even stoop down to pick up a penny on the sidewalk?  But one penny doubled day after day eventually becomes something that's valuable indeed.

Those new, healthy habits that we're working to incorporate into our lives take time.  One day of eating right or exercising doesn't really make any difference one way or the other, like a lone penny lying on the sidewalk.  But when those healthy choices are repeated day after day, the compounded effect is profound - and it's life changing.  The challenge is to not expect instant results, because when it comes to making permanent changes, the results don't show up overnight.  But they will show up, I promise you, as you make one wise choice at a time.  Choose wisely :-)