[Financial Sharing]Thinking of compounding

Hi there, welcome to moomoo financial sharing! Today we are going to share on compound interest thinking.

Before we start, think about this.

Here is the answer! compounding can be applied not only to wealth. There will be compounding in many aspects of our life!

When we talk about compounding, we always associate the thought of compounding with investment and financial management. Well, that is correct!

However, what many people doesn't know is that the compound effect has unconsciously affected every aspect of our life.

If you ever read the book "The Compound Effect", it mentions a great equation of compounding. That is:

If we can make good use of compounding, the long-term results may be incredible. Single choice and action may lead to a small impact at the beginning. But over time, under the effect of compounding, the effect of multiple choices and actions will become incredibly huge one day! It's the same as accumulating wealth!

So how do we make good use of compounding in our life?

Here are 3 methods:

It is better to start investing earlier than later. As we've shared in yesterday's live broadcast, there is a huge gap between the profit obtained from investing at the age of 20 and 30. We will share more investment strategies in our Premium Service so that you can compound your profit ASAP

As we can see, the most outstanding people from various fields in the world, such as the world's top athletes, chefs, and entrepreneurs. Their success depends on the right choice, repeated actions, and long-term accumulation.

For example, when you first drove a bicycle, were you very nervous and stiff? After continuous of practice and accumulate experiences, you start feeling better and may be able to ride with one hand!

Here is a noting point, not every continuous cultivation will definitely make you successful. We still need to rely on the "right way" to improve our ability by compounding interest.

I believe you will agree, we should start to cultivate good habits and compound our interests so as to reach a better life!

Here is a simple example for you: brush your teeth. We normally cultivate this habit from childhood. What if we haven't brush our teeth since we were a child, what you would think will happen to our teeth now?

If you don't brush your teeth for a day, it may not make any difference. If you haven't brush your teeth for a month, you will have bad breath. If you haven't brush your teeth for a year, you will have a few decayed teeth. But, I am sure your teeth must be black if you haven't brush them for 10 years. Then, you have to spend a large amount of money to pull out all your teeth and "implant" false teeth to change the situation.

Similarly, if you cannot correct your bad habits today, you will pay a heavy price for it 10 years later.

From another perspective, if you persist in compounding on good habits, it will make you enjoy a great achievement ~

Back to the example, you have developed a good habit of brushing your teeth every day. If I tell you not to brush your teeth from today, would you think you can do it?

I believe most people will feel very painful not to brush their teeth! That's because this is a good habit which has been cultivated, and you can also see the changes and benefits this good habit has brought to your life!

After all, if you are compounding on bad habits today, correct them now!

Success is not achieved in a few days, but gradually accumulating. So when should we start to accumulate?

There is no definition of so-called "earliest," only "the earlier." As long as you start today, you will start earlier than you did yesterday. You take the first step, decide to take action, and then stick to the idea of taking action, this action will gradually become a habit. That's why you should begin to master the knowledge of investment and establish the thinking of financial management.

I hope you can make good use of the compounding effect to make the best out of your life!