Compounding in parenting
Compounding is often referred to as the 8th wonder of the Universe. And it has been studied to death in the field of investing, and wealth creation. However, I think the most powerful example of compounding is actually seen in parents. We have a long time on our hands - say 18 to 20 years. Whatever we do consistently with the child or get the child to do consistently, compounds. Whatever we consistently fail to do creates an ever-growing wedge. Eventually, every parent has to come up with their own list. It is the things we are particular about which creates a sense of direction for the child. For instance, I am fanatical about keeping the promises I make to my child. Unless there is an emergency of some sort, I keep the promises I make. This is essential for me to build trust with him. He is still learning, but I am teaching him to keep the promises he makes. I am particular that he makes sports a part of his life. This is something I did not do, and one of the few re...