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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What is your definition of retirement?

 What is your definition of retirement?



Retirement is not to sacrifice today for the imagined tomorrow. When you can live in the present and spend every day with your heart full, you will reach the state of retirement.

How to reach retirement status?

The first way is to save money. As long as you save enough, passive income (without moving a finger) can meet your expenses.

The second method is to reduce the cost to zero - becoming a monk.

The third way is to do what you love and enjoy it completely. It doesn't matter whether you have money or not. Therefore, there are many ways to achieve retirement status.

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