Compound interest is a powerful principle — a small amount of money can grow into large amounts over time if left alone. If you don’t interfere with the process unnecessarily, you will reap the benefit with time.
In simple terms, it’s interest on interest.
It’s got the snowball effect. As long as it keeps “moving”, it will get bigger — all things being equal. Anyone can benefit from it. Compound interest is why people invest money early in life.
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays for it.”…
Reading is one of the best ways to gain knowledge.
There are two ways to read — active reading and passive reading.
If you are reading for pleasure, you want to enjoy the experience, lose yourself in the book and follow the journey with the author.
I’m not good at that. I don’t read a lot of non-fiction books. I am very selective, so I end up with few books.
If you want to acquire new knowledge, the process should be completely different. You want to be able to remember and apply what you are learning. …
Picasso invested deeply into his art. He created over 50,000 pieces of art in his lifetime. Warren Buffett never looked back when he put compound interest to work more than 40 decades ago. Today he is a billionaire.
Paul Graham invested deeply in startups over a decade ago. He has made fortunes in the process and changed many lives.
Seth Godin invested deeply in inspiring and teaching people how to level up over a decade ago. Today, he an authority on authentic marketing.
Pat Flynn has built a fortune teaching people how to earn passive income. …
Procrastination is an emotional trap. We’ve all been there. We convince ourselves that what’s essential can wait. And choose to focus on other tasks or sometimes easier and comfortable tasks.
It’s universal. Almost everyone procrastinates. It’s not a character flaw because, at some point, we end up “eating that frog” (getting that unpleasant task done) if it’s a “must”.
I’ve been putting off writing a book proposal for some months now. The agency keeps messaging me. The problem is, my first traditionally published book didn’t do well. I spent a lot of time writing it.
A new book may help…
Real progress is made by people who do the right work at the right time.
“Don’t let the urgent crowd out the important.” Henry Gindt said. There will always be more urgent tasks to do than important ones.
Many people focus on getting almost everything done at the wrong time and end up making little or no progress.
When you are efficient, you know when to leverage your time and energy to get your most important tasks done. You can get the desired outcome at the right time when you are most productive.
Efficient people choose their tasks carefully. Think…
Einstein. Marie Curie. Da Vinci. Mozart. Galileo. Picasso. Shakespeare. Newton. Elizabeth 1. Aristotle. Carnegie. Beethoven. Archimedes. Darwin. Tesla. Gladys West. Simone de Beauvoi. Jobs.
These are iconic figures who dominated their industries. Their contributions to the world changed our perceptions about what’s possible.
Today, we call them geniuses. Exceptional achievers are made — everyone has the potential to hit peak performance but not everyone can be a genius.
“What makes geniuses special is their long-term commitment. They struggle very hard and they keep on persisting. They enjoy their work.” Professor Michael Howe said.
I have been reading a lot about…
Want to increase your wealth over time? Think about putting your money to work instead of renting your time.
Capital is anything you own that can keep making you money. So in effect, many forms of capital can earn you money whilst you sleep. You don’t even have to lift a finger. Once the work is done, you can leverage compound interest and watch it grow (all other things being equal). You can continue to accumulate over a number of years without working.
A smarter lifestyle can do more for your life and career than you can ever imagine. Einstein was a genius. He devoted a significant part of his life to looking for answers about our universe.
Leonardo Da Vinci was a genius. He spent most of his life wandering the possibilities of the human mind.
Simone de Beauvoir was a great philosopher. She was a famous existentialist and a true intellectual.
Truly genius minds embrace the smart lifestyle — they learn from other brilliant minds, question conventional wisdom, think for themselves, maintain intellectual curiosity throughout their careers.
Embracing the smart lifestyle…
What makes you unhappy?
For centuries, great minds have been searching for answers to human happiness. But not many people take time to understand what makes them miserable.
There are many unhappy people in the world. Knowledge and a deeper understanding of what drives you insane or make you sad can help you find experiences that make you happy.
The more you understand yourself, your unhappy experiences and behaviours that bring out the worst in you, the more you can shift and focus on activities that make you happy.
The greatest happiness is to know the source of unhappiness. …
Where did the time go?
You’ve probably asked this question a lot in your life. You are either spending time, investing time or wasting time.
“Time is what we want most, but what we use worst.” William Penn said. Time is finite or limited, but we insist on spending it instead of investing it.
What’s the best use of your time? How do you spend your time currency? Where does your 24 hours go? The ugly truth is, many people spend more time than they invest — but expect a different outcome.
The quality of your life cannot be greater…