The Munger Technique

The Munger Technique

*Just like compound interest multiples one’s savings, improving one’s mind daily, during the best hour of the day, multiplies one’s mental compounding interest.

This ‘mental’ compounding interest advice comes from investor Charlie Munger, in his book University of Berkshire Hathaway.

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Time Management

MORE IDEAS FROM THE ARTICLE

  • The morning hours are usually the best hours of your day, and what you do at that time has the power to change your life.
  • Keep yourself away from distractions and just focus on your morning goals, like meditating, reading, writing or exercising.
  • Checking e-mail, watching the news, or consuming useless (junk) content is the worst thing you can do in the morning.

Taking a cue from Bruce Lee’s famous quote ‘Be Water’, we must adopt a water mindset and adapt to our body and physiology: our best hour of the day could be any hour of the day, as long as it is according to you. Give yourself the best hour of the day.

All of us cannot wake up and join the 5 AM Club as our bodies are different and each morning isn’t the same.

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There is an inverse correlation between the number of hours we work and the effects it has on our lives.

Studies point out that 40% of people are working at night (after 10 PM.) The same studies show that knowledge workers are only productive for 2 hours and 48 minutes a day (working on their most important tasks).

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Dwight Eisenhower
“Plans are nothing; planning is everything.”

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Is a myth you can only invest if you have lots of money. Investing is not a goal, activity, or task, it’s a habit. It’s something you do regularly, just like you work out, meditate, read or anything else that takes time to yield results.

ex: If you invest $500/mo in the S&P500 (an index of the largest US companies) you will get to $1M in 35 years. The S&P500 grows 8% a year on average and it compounds over time.

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