“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn't … pays it.” - Albert Einstein
Compounding works just as well AGAINST you as it works FOR you.
Here are some daily decisions that will help or hurt you in the long term 👉
Compounding works just as well AGAINST you as it works FOR you.
Here are some daily decisions that will help or hurt you in the long term 👉
1) How you use your free time
Cancelling your Netflix doesn't just save you $10/month. It frees up your time to self educate and acquire skills.
Audiobooks, podcasts, and youtube videos are great for learning something new, getting ideas, and improving processes.
Cancelling your Netflix doesn't just save you $10/month. It frees up your time to self educate and acquire skills.
Audiobooks, podcasts, and youtube videos are great for learning something new, getting ideas, and improving processes.
2) Cut unnecessary overspending
Packing your own lunch *MOST DAYS* can save you hundreds of thousands dollars over time, but it applies to more than just food.
If you dont track your expenses, it's very easy to overspend. Small daily purchases can cost a lot in the long term.
Packing your own lunch *MOST DAYS* can save you hundreds of thousands dollars over time, but it applies to more than just food.
If you dont track your expenses, it's very easy to overspend. Small daily purchases can cost a lot in the long term.
3) Level of physical activity
Having a sedentary lifestyle is linked to various health problems. Exercising has mental AND physical benefits.
If you don't do it already, taking a 15-20 minute daily walk will help you a lot more than you think.
Having a sedentary lifestyle is linked to various health problems. Exercising has mental AND physical benefits.
If you don't do it already, taking a 15-20 minute daily walk will help you a lot more than you think.
4) Your diet
Junk food will hurt you in the long term. It will reduce your quality of life, and healthcare is really expensive!
Moderation is key. You can still enjoy sweet, salty, and fried foods. Just don't do it too much.
Junk food will hurt you in the long term. It will reduce your quality of life, and healthcare is really expensive!
Moderation is key. You can still enjoy sweet, salty, and fried foods. Just don't do it too much.
5) Saving versus investing
Saving $500/month for 30 years will get you to $180,000 in your bank account.
Investing $500 in the stock market every month for 30 years will give you over $1,000,000 in your portfolio.
Saving $500/month for 30 years will get you to $180,000 in your bank account.
Investing $500 in the stock market every month for 30 years will give you over $1,000,000 in your portfolio.
I'm passionate about helping more people become financially literate, but these threads take a long time to write.
If you found value in this post, make sure you like and retweet the first tweet, and subscribe to my FREE newsletter.
Rajatsonifinance.substack.com
Thanks for reading!
If you found value in this post, make sure you like and retweet the first tweet, and subscribe to my FREE newsletter.
Rajatsonifinance.substack.com
Thanks for reading!
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