Get to bed 1% smarter than you wake up
Compound interest is key in any domain of life. 1% increase in each day results in a doubling amount every 72 days. It can be any asset. It works on your general wealth, money, status and knowledge.
Out of those four, the initial one that you should focus on is knowledge. It is also the one that you have complete control over.
The simple principle here is that you should get to bed smarter than you wake up. Each day is a new opportunity to learn effective knowledge and increase your capability to understand the environment better.
A cool analogy that I heard about this was from my economics professor in the university. Let me tell you the example he gave us:
Imagine your average daily performance is rated as 1.
Now imagine, you put 1% extra effort, and your performance becomes 1.01.
And if you put 1% less effort, it is rated as 0.99.
Consider this daily routine to continue each day during a year.
1.01^365 is 37.783.
0.99^365 is 0.025
The end results show “you” after 365 days.
The former is 1511 larger than the latter.
Such a return is achievable because of compound interest.
Consider this and take action.
You’re welcome.
