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Quiet Compounding

collabfund.com
submitted
a year ago
byjosephtopersonalfinance

Summary

I like the idea of quietly compounding your money. Just like in nature, it’s where you’ll find the most impressive results. Every few years you hear a story of a country bumpkin with no education and a low-wage job. They just quietly saved and invested for decades.

I try to keep in mind that there are two ways to use money. One is as a tool to live a better life. The other is to measure yourself against other people. The first is quiet and personal, the second is loud and performative.

A lot of financial mistakes come from trying to copy people who are different from you. When you do things quietly you’re less susceptible to people with different goals and personalities telling you you‘re doing it wrong. A focus on long-term endurance over short-term comparison.

You're not in a hurry, yet everything is accomplished. Instead of trying to look smarter, you make a quiet bet that things will get better.

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11

3 Comments

2
theonesource
a year ago
It's really hard to do though. Not having any sign of validation of your path iorsome encouragement drives people a little crazy
2
getthatmoneyyo
a year ago
Stealth wealth is what I liked to call it
2
josephOP
a year ago
That's such a great term! I'm stealing this!