by Matt Bergstrom 2 years ago 5 minute read
Warren Buffet, American Investor and Businessman.
Warren Buffett often talks about how long-term investing compounds, and can turn you in to a millionaire if you are patient and use the same strategy he has, to build massive wealth.
But thats not the type of compounding that I want to talk about today. Today I want to talk about a different kind of compounding - namely, Intellectual and Achievement Compounding.
Intellectual and Achievement Compounding, is all about getting yourself to think long term, and inspire yourself to do the small deeds every day that can take you to the next level.
Most people work their job to get money to survive, nine to five, and then go home and take it easy the rest of the day. And there's nothing wrong with that, if you're happy with how things are.
But in my experience, most people aren't "happy with how things are". While that may or may not be true for the entire population, I want to inspire those who aren't happy with how things are, with the Intellectual & Achievement Compounding concept.
If you'd rather hear this explained through audio, I have a video at the end of this page. Nevertheless, let's get in the concept:
Just as a stock may grow exponentially during the years, through compounding, your intellect and achievements may as well. But the investment is different.
How is the investment different? Well, you can invest money in stocks, and never touch it again, and you may be lucky enough that that stock grows massively during the years. But intellectual and achievement compounding is different. It demands consistent action, every day.
If you decide to spend three hours more each day, to work on your intellect or achievements, outside of the nine-to-five work window, your intellect and achievements can grow exponentially during the years that pass.
How? Well, let's do the arithmetic. Let's say you work on your intellect, by reading books 3 hours each day, 7 days a week. That means, that each month, you have read a total of 90 hours more, and thereby worked on your intellect 90 hours more than the "average joe", who doesn't work on themselves in that fashion.
Do that for a year, and you've added up to a total of roughly 1080 more hours each year, where you work on your intellect.
For simplicity's sake, let's say one book takes 10 hours to read, on average. That means that you could have read 108 books more, each year, if you consistently put in 3 hours extra, each day.
These are all books of your choice. Books that can take your career and relationships to the next level. You can learn about psychology, programming, finance, ANYTHING, with all these books.
Now it might occur to you that you don't remember EVERYTHING that you read. Well, then simply use some of these hours each year, to repeat the essential chapters in the most breathtaking books you find. Maybe you'll only read 70 books because of all the repetition. But 70 books more, each year? That's life changing. All of those books can contain knowledge that can help your marriage, better your relationships with your kids, get you that raise or promotion, help you find your true self, or make you see life with a fuller perspective.
But how does this result in exponential intellect? Well, once you learn things, you learn the systematics of it. If something in finance works similarly to something in programming, you can connect the two. The more intellect you compound, the more reference points you have, and the more you can understand different subjects in life.
Why does this work the same for achievements? Well, your achievements can very much be linked to the knowledge that you have. If you've read 20 books on negotiation, I bet you that you will be a great negotiator, and negotiate yourself in to a better position in your relationships or career, in order to achieve more in your life.
Or even, if you use these hours to work on your own project that you have, that can also spiral in to exponential achievement. Imagine working on one of those ideas that you have had, for 1080 hours each year - Where would you be in 5 years?
And yes, it's hard to stay consistent. And nobody's perfect. But try, set a small goal, just one hour a day, for an entire year. I promise you, it will make a difference.
I'm rooting for you.
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