kinson chow
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How Inflation Eats Away Our Wealth
Yesterday we talked about the nuclear power of compound interest, which can steadily grow our wealth if we find the right investment and financial management strategies. However, compound interest has an enemy, and that enemy is inflation. In a previous discussion, we mentioned that inflation is like slow poison that can severely damage our wealth over time. Today, we will explore how inflation eats away at our wealth and discuss ways to combat this enemy of compound interest.
By kinson chow3 years ago in Motivation
Harnessing the Power of Compounding Interest for Long-Term Wealth Building
If you always procrastinate in managing your finances, inflation, aging population, and the rise of artificial intelligence will pose a great threat to your wealth and life. However, if you take action and learn some correct investment and financial planning methods, you will gradually feel the power of compounding interest, and these threats will not easily affect you because the speed of money making money is much faster than that of humans.
By kinson chow3 years ago in Motivation
How to Overcome Procrastination and Financial Challenges
Yesterday we talked about how to save for your dreams. One of the easiest ways is to allocate a small portion of your salary or increase your savings ratio by 50% from your increased income. By doing so, you won't feel like you're losing out and will gradually develop a savings habit, while also increasing your savings ratio. However, knowing and taking action are two different things. Some of us may just listen but not take any action because we find it troublesome. Today, let's talk about the obstacles you may encounter in your financial journey if you are a procrastinator and how to overcome them.
By kinson chow3 years ago in Motivation
How to Achieve Financial Freedom
#FinancialFreedom To achieve financial freedom, the first step is to cultivate the ability to make money work for you. This requires a savings mechanism that reduces unnecessary spending and builds a nest egg for the future. In this article, we will discuss how to establish a savings mechanism that will help you achieve your financial goals.
By kinson chow3 years ago in Education
First step to be master of $MONEY$
If you want to become wealthy and financially independent, you need to learn how to make your money work for you rather than being a slave to it. This is a mindset that separates the wealthy from the poor and the middle class. The wealthy understand how to create income-generating assets and use their money to make more money, while the poor and middle class work their entire lives for money. In this article, we will explore the steps you can take to develop a rich mindset and become financially independent.
By kinson chow3 years ago in Education
Are You a Master or a Slave to Money II?
Are You a Master or a Slave to Money II? Money is a powerful force that can both empower and enslave us. It's an essential aspect of our lives, and we all strive to achieve financial success. However, the question is, are we the master of our money, or is our money the master of us? In this article, we will explore the concept of being a master or a slave to money and how it affects our lives.
By kinson chow3 years ago in Education
Are you master or slave to MONEY
Let's talk about money. In life, are we really the masters of money, or have we become slaves to it? Money is a powerful word that often brings up feelings of desire and temptation. Even those who claim to have no interests or hobbies in life will admit to loving money. This is because money has become a universally recognized commodity.
By kinson chow3 years ago in Education
Unveiling the Veil of Infinite Computing Power
Introduction: In the darkest corners of the technological realm, a new force has emerged, shrouded in mystery and whispered about in hushed tones. It is the enigmatic realm of quantum computing, where the laws of classical physics no longer hold sway. This breakthrough promises a revolution that will redefine the limits of computing power. In this suspenseful journey, we will venture into the intricate world of quantum computing, unearthing its potential and unraveling its thrilling implications.
By kinson chow3 years ago in Geeks
