I will never forget these words that one service provider I sought shared with.  She said, “Have your ever heard the saying that it takes 3 years to become an overnight success?”

Twitter came to life in 2006.  Not a big hit.  However as the data below courtesy of compete.com indicates within a period of 365, i.e., a year, traffic to twitter went from 1 Million visits, to 9 Million visits/month!

In other words, twitter has reached The Tipping Point. Tipping points are “the levels at which the momentum for change becomes unstoppable.”^[1] Malcome Gladwell author of the Tipping Point, defines a tipping point as a sociological term: “the moment of critical mass, the threshold, the boiling point.”^[2] The book seeks to explain and describe the “mysterious” sociological changes that mark everyday life. As Gladwell states, “Ideas and products and messages and behaviors spread like viruses do.”^[3] The examples of such changes in his book include the rise in popularity and sales of Hush Puppies shoes in the mid-1990s and the precipitous drop in the New York City crime rate after 1990.

Here I’d like to engage you in a discussion about compound interest, which is much like the idea of the tipping point. Some believe it was Benjamin Franklin who said, “Compound interest is the eighth wonder of the world,” while attributing “Compound interest is the world’s greatest discovery,” to Albert Einstein.

See, those math classes you took were bound to pay off!

Anyway, I digress.  One buyer of The Little Black Book Of Home Party Marketing Success Secrets asked this question of me in an email.

Hi Pat,

I was just perusing the ‘Qualifications Process’ materials and came upon this highlighted statement- 

No, research indicates that with 15-20 hours/week of consistent action, you will be able to generate a 6-figure income in 2-3 years

I think this is great and would like to know the qualifying research that you have quoted.
Can you direct me to this information?

Kind regards,

Maureen

I promised her I would address this question, so here we go!

Defining The Terms

Compounding “A process whereby the value of an investment increases exponentially over time due to compound interest. see also Rule of 72. [how long will it take an investment to double]”

and

Compound interest “Interest which is calculated not only on the initial principal but also the accumulated interest of prior periods.”

The KEY points to notice here are

• Once you earn some interest on an investment over a period, the next rate period your earned interest will also gain some more interest so your total interest payment gets larger.
• the size of the interest payment you get each period grows at an exponential rate with time. That is, the longer you hold, the larger the interest payment.

When it comes to any worthwhile endeavor, the rule of compounding/compound interest/rule of 72/the tipping point applies.  Every little effort on your part is like gaining interest.  In 3 years you will see the results, for good or for bad/

Why?

Well it is in the third year that the effect of compounding becomes very apparent.

And that friends is my defense on the above question asked of my by Maureen C!

This Party Plan Pat, urging you to Plan with Purpose