A rich uncle offers two gifts. Pick yours before the reveal.
Gift A: S$1,000,000 in cash, today.
Gift B: 1 cent today, doubling every day for 30 days (1ยข โ 2ยข โ 4ยข โ 8ยขโฆ).
No phones, no calculators โ gut feel only!
The 1ยข doubling wins โ by more than 5ร
Day 1: 1ยข. Day 10: S$5. Day 20: S$5,242. Day 30: S$5,368,709.
That's compounding โ gains building on gains. It starts painfully slow: by day 15 you'd only have S$164 and you'd feel like a fool. The trick is not quitting before the curve bends.