Secret of life in compound interest
Scott Miker
The secret to being able to improve in life lies in the concept of compound interest. By focusing on small, recurring actions we can leverage time to create massive improvement in the future.
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The secret to being able to improve in life lies in the concept of compound interest. By focusing on small, recurring actions we can leverage time to create massive improvement in the future.
Being able to improve means that you have to conquer starting and sustaining. Pushing through the beginning and being consistent for long enough is key to being able to improve.
There are strong systems that are self-perpetuating and weak systems that don't hold up over time. Learn how to build stronger systems to help improve and get better.
It can be difficult to solve problems and be creative in a business situation. From the outside, it is simple to come up with innovation. But when faced with a problem, we have to be able to think through our options and make a decision to move forward. Learn about the 5 steps that will help you develop creative solutions to challenges you will inevitably face.
Too often we strive for perfection and never get better. Instead we have to be willing to take risks. We have to be willing to put ourselves out there. Instead of perfection, we should use progress as our measuring stick.
If we constantly chase extremes, we are less likely to improve and grow. But if we look at the systems in life we can do more to get better. We do this by seeing the patterns. These tell us more than the extreme cases.
When facing obstacles things often become chaotic. But we can't panic. We have to remain calm to think through solutions and rely on our habits and muscle memory to help us keep moving forward.
If you want to keep improving, learn how to see the full system, not just a snapshot of isolated parts of the system.
The various parts of a system all interconnect. This gives the system power. To change, you need to understand how all the parts of the systems interconnect and are interdependent.
If you surround yourself with negativity that will shift your thinking. Instead, learn to surround yourself with what you want in life.
Most people think they have to be motivated to do something great. But motivation follows action. Once you get started the motivation will follow.
Using explanation, demonstration, imitation, and repetition to form new habits to succeed.
Struggle isn’t something horrible to avoid. It is part of the system and we have to accept that to be able to overcome and improve.
There is something that has held you back from reaching your goals. It is the Hot Cold Empathy Gap. But knowing about it, you can plan for it and work around it.