I often say that the small things you consistently practice each day will change your life. People may think it is difficult to do so. However, this doesn’t mean that the practice itself is easy or hard; rather, it’s challenging to prioritize that little task every day. Why? Small things happen daily, and results take time to manifest, while small changes don’t significantly influence our profits. However, if these practices are regular and steady, it presents a different story. - Joseph’s “just my thoughts”
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...