POWER OF COMPOUNDING SMALL DAILY DECISIONS
"How we spend our day is how we spend our lives."
"Everyday you either get better or worse."
POWER OF DEFERRED GRATIFICATION
COMPOUNDING IS HEAVILY BACK-LOADED
WIN ... BY NOT LOSING
1. Compounding is heavily back-loaded, WE WILL HAVE TO WAIT a while before seeing its effects.
2. To reap the full benefits of compounding, AVOIDING LOSSES is crucial.
3. Allocate more, earlier pays off; One can't suddenly earn more, but one can save more.
4. Deferred Gratification is very powerful.
“I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you.”
"The Man Who Does Not Read Has No Advantage Over the Man Who Cannot Read."