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hey guys itamp;#39;s Theodore and before I start this video I want to let you know that thereamp;#39;s an actionable worksheet PDF in the description below that can help you apply the concepts that you learn in this video thereamp;#39;s actually a PDF for every video in practical growth academy anyways thereamp;#39;s also a link to get my top ten favorite books because a lot of people have been emailing me lately about them so go ahead and check them out now the compound effect is a great book when getting started into self-development because it lays the foundation for understanding how your small choices can end up making very large impacts on your life so the first big idea I want to talk about is something he calls the magic penny in the book Darren Hardy explains the idea of compound interest using the magic penny idea the basic idea is that when looking at these two options which one looks more attractive three million dollars right now or a penny that doubles in value every