Warren Buffett, who has amassed 99% of his wealth since the age of 50, revealed that the secret lies in “compound.” When you lend money, interest is added to the principal as income. Initially, interest is applied only to the principal, but compound interest is applied to both the principal and the accumulated interest. Therefore, at first, it seems negligible, but over time, significant wealth growth takes place. The same principle applies to reading: even if your reading speed is slow, consistently reading just a few books each day can lead to a wealth of knowledge. After a year, this accumulated knowledge creates a network effect, allowing you to quickly absorb new information. Consequently, your reading speed increases dramatically, leading to an exponential growth in the volume of material you can handle. This exemplifies the compound interest effect. Even small, consistent actions taken daily can build up and create a compound interest effect over time. Cartoonist Lee Hyun-se sta...
Knowing someone and being friendly with someone are two very different things. Two main ways to build relationships with main motives are affiliation and intimacy. "Affiliation motivation" is the psychological action of getting along with others to avoid rejection. The "intimacy motive" is to increase intimacy with a select few and establish a stable relationship. It would be mentally strained to have more than 10 to 15 relationships. If you feel burdened by human relationships, you must examine your treatment of people with "affinity." The fear of being rejected is what drives the mind. - Joseph’s "just my thoughts”