COMPOUNDING.


"Growth is driven by compounding, which always takes time." - Morgan Housel.

One of the profound lessons I gleaned from reading "The Psychology of Money" is the value compounding accrues over a period of time. Ideally, compounding is the increasing value of an asset due to the interest earned on both the principal and accumulated interest.

Compounding is like a snowball effect for your money. In Morgan Housel's book, he emphasizes how compounding can lead to significant gains via small increases. But the secret of compounding is time!

There's a period of time required for every growth journey. It's not going to happen overnight, and when the result does emerge after investing the required hours/years, it all becomes worth it.

Compounding is hard because it takes so much time, and we live in a world where everyone wants to arrive now; we want overnight success.

Dearest reader, it is wise to adhere to this economic idea of allowing value to accrue over the long run, and you'll be rewarded with significant growth.

@favvy_Okwansđź–¤.

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