MakeTodayBetter

"Knowledge comes from experience, but it doesn't have to be your experience."

Here are 7 lessons from "The Joys of Compounding" by Gautam Baid:

1. The Power of Time and Consistency: The core message of the book is the power of compound interest. Small amounts of money invested early and allowed to grow over time can accumulate significant wealth. The key is starting early, being consistent with your contributions, and letting time work its magic.

2. Quality Over Quantity: Don't chase short-term gains or get swayed by market fluctuations. The book emphasizes focusing on quality investments in companies with strong fundamentals and the potential for long-term growth.

3. Delayed Gratification is Key: Building wealth requires patience and discipline. The book encourages delayed gratification, prioritizing saving and investing over instant gratification through unnecessary spending.

4. Lifelong Learning is Essential: Successful investing requires continuous learning and staying informed about market trends, economic conditions, and valuable companies.

5. Intrinsic Value Matters: Don't get caught up in market hype. The book emphasizes understanding the intrinsic value of a company, its true worth based on its assets, earnings, and future prospects, rather than just its current stock price.

6. The Importance of Frugality: Wealth creation is not just about earning money; it's also about wise spending habits. The book encourages living below your means and avoiding unnecessary expenses to free up more resources for investing.

7. Be Wary of Emotional Investing: Fear and greed are major enemies of successful investing. The book emphasizes the importance of making rational decisions based on research and a long-term perspective, avoiding emotional reactions to market swings.

"The Joys of Compounding" teaches you to adopt a patient and strategic approach to investing, emphasizing the importance of time, knowledge, and calculated risks to achieve financial security and build long-term wealth.
#Compounding #finance $business #entrepreneurs #happiness #living #money #lessons #making #wealth #wealthbuilding
#interest #GuatamBaid

1 year ago | [YT] | 2

MakeTodayBetter

10 Lessons from the book titled: The 10 New Life Changing Skills That Will Change Your Mindset: Timeless Lessons On Discipline, Focus, and Thinking by Rajesh Srivastava

1. Embrace Discipline: Understand the importance of discipline in achieving personal and professional goals and develop strategies to cultivate discipline in your daily life.

2. Foster Focus: Learn techniques to enhance focus and concentration, enabling you to accomplish tasks more efficiently and effectively.

3. Develop a Growth Mindset: Embrace a growth mindset that views challenges as opportunities for learning and growth, fostering resilience, and a positive attitude toward personal development.

4. Practice Self-Reflection: Engage in regular self-reflection to gain insights into your thoughts, behaviors, and patterns, allowing you to make necessary adjustments and improvements.

5. Building Resilience: Develop resilience to bounce back from setbacks and overcome obstacles, recognizing that failure is a stepping stone to success.

6. Cultivate Positive Thinking: Harness the power of positive thinking to reframe challenges, overcome negativity, and maintain a constructive outlook on life.

7. Set Clear Goals: Learn how to set clear and achievable goals, breaking them down into actionable steps to increase motivation and productivity.

8. Effective Time Management: Discover strategies for managing your time effectively, prioritizing tasks, and avoiding procrastination to maximize productivity.

9. Improve Decision-Making: Develop critical thinking skills to make informed decisions, considering different perspectives and potential outcomes.

10. Nurture a Healthy Mindset: Take care of your mental well-being by practicing self-care, seeking support when needed, and cultivating a positive and balanced mindset..

#booklover #business #lifestyle #entrepreneurs #Books #thursdaymotivation #educateyourself #highlightsシ゚ #booktok #highlightseveryonefollowers #finance #howto #highlightseveryone #personalfreedom

1 year ago | [YT] | 1

MakeTodayBetter

George Orwell's classic.

George Orwell's essay "Why I Write" offers aspiring writers valuable insights into the motivations, techniques, and challenges of the craft. Orwell's lessons continue to inspire and inform writers of all generations.

Here are lessons from the book:

1. The Power of Personal Experience: Orwell emphasizes the importance of drawing inspiration from one's own life experiences. By infusing his writing with personal anecdotes and observations, he creates narratives that resonate deeply with readers.

2. The Value of Clarity and Precision: Orwell believed in the power of clear and concise language. He advocated for writing that is free from unnecessary jargon and convoluted sentences. By striving for clarity, writers can effectively communicate their ideas to a wider audience.

3. The Importance of Social Consciousness: Orwell's writing was deeply rooted in his political and social beliefs. He saw it as his responsibility to use his platform to raise awareness about injustice and inequality. This highlights the potential for literature to be a powerful tool for social change.

4. The Need for Authenticity: Orwell believed that true writing should be a reflection of the writer's genuine self. He argued against the temptation to conform to literary trends or expectations. By writing honestly and authentically, writers can create work that is both meaningful and enduring.

5. The Role of Curiosity: Orwell's insatiable curiosity drove his writing. He was constantly seeking new experiences and knowledge, which he then incorporated into his work. Curiosity can be a powerful motivator for writers, inspiring them to explore new themes and perspectives.

6. The Importance of Discipline: Orwell acknowledged the challenges of maintaining a writing routine. He emphasized the importance of discipline and self-motivation in overcoming writer's block and staying productive.

7. The Pleasure of the Craft: Despite the challenges, Orwell found great joy in the act of writing itself. He described it as a "pleasure" and a "habit." This reminds us that writing can be a deeply fulfilling and rewarding activity, even when faced with obstacles.

George Orwell's "Why I Write," offers a profound exploration of the motivations behind his literary pursuits. Through his candid reflections, Orwell provides valuable insights for aspiring writers and readers alike.

Happy Reading!!!

1 year ago | [YT] | 1

MakeTodayBetter

Live in the moment.

1 year ago | [YT] | 1

MakeTodayBetter

A Must read for all Men.

1 year ago | [YT] | 1