In this episode of the Life Well Led podcast, Karen and Eric discuss the concept of compound interest and how it applies to personal growth and progress. They emphasize the importance of progress over perfection and investing small increments of time and effort in oneself. They also introduce the 100 hour rule, which states that spending 100 hours a year in any discipline can make you better than 95% of the world in that discipline. They discuss the mindset of enjoying the journey and finding joy in the process of progress. They also introduce the ABC goals tool, which helps in setting realistic expectations and learning from every situation.