I feel that many friends lack a thinking called "compound interest thinking"
It is very difficult to make money without this mindset
It's equivalent to using "simple profit thinking" every time you make money. Just like working, you will have money every time you work, but you won't have it if you don't work.
As an example:
Let's say you work for a company for 30 days and you have two compensation packages:
The first plan is to give you 1w every day for 30 days
The second option is to give you 1 cent on the first day and 2 cents on the second day. Each day is twice as much as the previous day for 30 consecutive days.
If you were asked to choose immediately, which one would your gut choose?
If you choose 1 you will get 30w
If you choose 2 you will get 1000w
This example well illustrates that if a person has compound interest thinking, he will get more benefits than without compound interest thinking.
So when will we use compound interest thinking?
