Psychology Of Wealth - Deepstash
Psychology Of Wealth

Psychology Of Wealth

The most challenging aspect of the Compound Effect is that we have to keep working away for a while, consistently and efficiently, before we can begin to see the payoff. Our parents & grandparents knew this, they didn’t spend their money & time binge-watching, buying unusable stuff to get thinner, etc.

Wealth tends to skip a generation.

Why, because overwhelming abundance often leads to a lackadaisical mentality, which brings a sedentary lifestyle. Children of the wealthy are more susceptible. They weren’t the ones who developed the discipline and character to create wealth in the first place.

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rdx

Just another homo-sapien

I found that Compounding is vital across various aspects of life i.e. finance, education, health, skills, productivity, personal development, emotional well-being and relationships. In essence, compounding serves as a foundational principle that magnifies progress, allowing gradual, sustained efforts to yield remarkable results across diverse life domains.

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