How terrible is compound interest thinking?

6 compound interest thinking of the rich: use 1 year to catch up with peers 38 times. Einstein once said: "The greatest energy in the universe is compound interest, and compound interest is the eighth wonder of the world."

Compound interest thinking is a way of thinking that strives to make something grow exponentially. Its essence is: doing thing A will lead to result B; and result B will in turn strengthen A in a continuous cycle.

Using compound interest thinking to treat life, wealth and knowledge will gain long-term benefits.

A little progress every day: 1.01 to the power of 365 = 37.8 (increased to 38 times the original after one year)

No progress every day: 1 to the power of 365 = 1 (still the original 1 after one year)

A little regression every day: 0.99 to the power of 365 = 0.03 (almost 0 after one year)

When you have 50 million US dollars, you are just a multi-millionaire, but as long as you double it, you will become a billionaire within a day.

This is the power of compound interest.

01. Compound interest thinking: Life is like a snowball

99% of Buffett's wealth in his life was earned after he turned 50. In other words, before he turned 50, he was also an ordinary middle-class person.

Since the age of 27, his annual compound interest on investment has been 20.5%. After the age of 50, he entered a period of wealth explosion, relying on the power of time and compound interest.

Buffett once said: "Life is like a snowball. The key is to find snow that is wet enough and a slope that is long enough."

The same is true for the accumulation of wealth. Many rich people are not born rich, and the first pot of gold they earn is not enough to get rich. The method is to make money through time.

02. 6 major compound interest thinking to achieve life acceleration

Compound interest thinking is more important than diligence in determining wealth.

① Thinking compound interest: Try to refute one of your own opinions every day, and get the ability to think in reverse after a year.

② Time compound interest: Where time is spent, there is the result. Do long-term things, find something worth investing in for a long time, stick to it, and it will be great if you do it for a long time.

For example: To run your own media, you need to put in a lot of energy and time in the early stages to create. Once a hit article comes out, it will quickly bring traffic to your own media, and at the same time enhance the exposure of other non-hit content, which is equivalent to a kind of time compound interest.

, time is silent, but it answers all questions. #人生修行