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...
Can I live by only meeting the people I need? Obviously, some people are essential to me, but not everyone I have a relationship with is there because I need them. So, shouldn’t we connect with people who are less needy? Is my criterion correct? The relationships I have now are a result of meeting both needed and unnecessary people. Regret doesn’t justify my current relationships. We have all encountered precious individuals. The plausible excuse is merely a convenient way to package my priorities and outcomes. Don’t deceive yourself. - Joseph’s “just my thoughts”