It is a very simple idea to use the power of compound interest

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It is a very simple idea to use the power of compound interest  Smart people are easily attracted by complex things, and underestimate the great influence and importance of simple ideas. But Monish Pabrai is a full pragmatist, and he will not fall into this trap. "It is a very simple idea to use the power of compound interest, a very simple idea to imitate, and a very simple idea to be honest." He said. However, when you apply some powerful ideas with great enthusiasm, the cumulative effect is "incomparable".
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Talk about financial freedom

 Talk about financial freedom



In fact, not long ago, I posted a Weibo about the main differences in different financial stages, saying that after reaching the middle level, there is little difference between the daily material life of people with financial freedom and that of people with financial freedom. For example, my daily consumption is also very ordinary. There should be no obvious difference between my friends with an annual salary of hundreds of thousands of yuan and me in these aspects. The only higher expenditure is tourism. What is the main difference? One is time, and the other is psychological security. Therefore, wealth freedom does not mean a more luxurious life (if you take this as the goal, you will live more tired, because the appreciation of wealth will never keep pace with the expansion of desire), but the ability to freely control time and free choice, which will bring a sense of psychological security. This sense of security will have a subtle positive impact on daily life and the education of the next generation.

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