Today we are going to talk about the rich mindset. To become rich, you must understand a concept, the power of compound interest. How do the big guys become richer and richer step by step?
So today we are going to talk about the underlying logic of getting rich, compound interest thinking. You must have heard this term a lot, and you have heard it so many times that you are tired of it. But in fact, 99% of people don’t really understand it, let alone apply it to investment.
Einstein once said, "The most powerful force in the universe is not the atomic bomb, but compound interest + time." To put it more bluntly, those who know how to use it can make a lot of money, while those who don’t know can only make money for others. For example, when Mr. Buffett was young, he sold newspapers and Coke, and he saved a few cents and a few dollars until today, and he has accumulated 106 billion US dollars (755.7 billion RMB). He relies on compound interest. It is not only the secret of the rich, but also the easiest way for ordinary people to imitate the way to get rich.
So what is compound interest? There is a classic story about the ancient Indian prime minister Sisa exchanging chess for rice. This is the power of compound interest - the terrifying exponential growth. It may not be seen at the beginning, but after accumulating for a long time, the growth rate can make your jaw drop to the ground. Although most people in the currency circle like those things that have immediate effects, in fact, in the long run, they miss bigger opportunities.
Suppose now I give you two choices, give you 1 million every day for a month, or give you one yuan on the first day, 2 yuan on the second day, 4 yuan on the third day, and so on, doubling every day for a month. Which one would you choose? I believe that many people would choose the first option in seconds before today, because taking 1 million every day can add up to be awesome. But the actual result is that you can get up to 30 million in option one. In option two, you can earn more than 1 billion in 30 days, and you can immediately lie down and live in retirement around the world! This is the magic of compound interest. $OM $BONK $BTC Binance registered users exceeded 240 million#交易所BTC储备量创2018年以来新低 #市场回调，观望还是上车？ #XRP短线上扬 #新币挖矿你参加了吗？
