Understand the power of compounding.
On personal finance, I got this right. The longer your money is in the market, the greater the effect of compounding. One week of diligent financial planning before 25 can literally save you millions over a lifetime.
On learning, I got this wrong. I found a barrier to learning things that I wasn’t heavily invested in. It seemed impractical. If you’re not going to become an expert, if you’re not working towards becoming the top 1% and carving yourself a niche, what’s the point?
Before 25, I had six months of unemployment with this fear of investing time learning skills I didn’t see myself becoming an expert in. Three months into my next job, I was learning the same skills I was previously fearful of committing to -- in order to find a way out of the skill-set I had just signed a contract to become an expert on.
For the first time, I realized how much learning seemingly dissimilar things has overlap and compounds your knowledge of many skills.
On personal finance, I got this right. The longer your money is in the market, the greater the effect of compounding. One week of diligent financial planning before 25 can literally save you millions over a lifetime.
On learning, I got this wrong. I found a barrier to learning things that I wasn’t heavily invested in. It seemed impractical. If you’re not going to become an expert, if you’re not working towards becoming the top 1% and carving yourself a niche, what’s the point?
Before 25, I had six months of unemployment with this fear of investing time learning skills I didn’t see myself becoming an expert in. Three months into my next job, I was learning the same skills I was previously fearful of committing to -- in order to find a way out of the skill-set I had just signed a contract to become an expert on.
For the first time, I realized how much learning seemingly dissimilar things has overlap and compounds your knowledge of many skills.