RESOURCES
Abstract/Description
What the value in going to this conference?
You’re here, you took time off work and paid real money to be here. it safe to assume you see value in learning, but have you done the math?
The math turns out to be quite surprising, because it deals with systems involving compound interest.
Compound interest allows small changes to have **massive** effects over time.
**Example 1:**
Tim has a $100,000 loan at 100% interest. He pays **$8,333 a month**. At this rate it will take 50 years to pay off.
Allen has the same loan, but wants to pay it off **10 times** faster. How much more a month does he have to pay to achieve this?
Normal math would say 10 times is 8,333 X 10.
But the actual answer is just a mere seventy dollars more each month to bring the time down a factor of 10 times.
Surprizing? Yeah!
So come hear a combination of personal experiences and mathematical visualization explaining just how much you are getting out of doing a bit of learning everyday.
**Example 2**
Team A works 8 hours a day.
Team B works 7 hours a day and spends 1 hour a day learning. This learning improves the team’s output by 1%. How many days will it be until Team B has produced as much as Team A?
You must be a Member to view this post and you are currently not logged in.
You can either log in below or sign up here.