If you want to be rich, some things are best to act slowly

Everyone likes the story of getting rich quick. No one likes to get rich slowly...because it's boring. But slowness and boredom also have their place. In fact, slowness and boredom are usually the most reliable way to do anything. Whether you want to build a house, increase wealth, or just want to become healthier-win the game slowly and steadily.

This is a long-standing idea. "Slow and steady" comes from one of the oldest fables ever-"the tortoise and the hare".

If you want to be rich, some things are best to act slowly


"Easy to come, easy to go" is another cliche. We have all seen communities that seem to pop up overnight. I once had a plumber who told me that in a recent development project, the house would rise in just a few weeks, and in about five years, he would start providing food for his family!

But despite all these signals, we still like a good story about getting rich quick. We like to hear about people winning the lottery, but we often forget the tragic stories of lottery winners watching their lives collapse.


Long-term continuous small improvements = victory


Three reasons it won:

  • mathematics. Compounding is powerful.
  • It is less likely to burn out.
  • Develop good habits.

We don’t need to talk about compound interest—it’s everywhere. If you don’t believe it, then you don’t believe in mathematics and you should go for a walk outside.

More importantly, over time, when you focus on small incremental improvements, you are less likely to burn out. If you have ever tried a new physical activity, such as running or lifting weights, you will realize that your body needs to relax. You can't just start lifting weights or running for a long time. You will eventually feel pain, and you will most likely get hurt. Your muscles, tendons, and ligaments need to adapt to new demands.

Derek Sivers has a great story about how to relax to achieve the same results, and a short story to illustrate this point.

If you want to be stronger, it is usually not the maximum weight you can move several times. It is usually the total weight you move during exercise. Moving a 100-pound weight ten times is usually more beneficial than moving a 200-pound weight once. (As always, there are some caveats, but in general this is true)

And the lighter the weight, the less likely it is to hurt yourself. Injury means you can't do any work. The other key is that you want to survive. Have you heard of survivor deviation? When people analyze successful people or companies, they often forget that they only analyze those who survived. There is a prejudice there that makes the analysis weaker because it does not consider companies that may not be that far away. This is a reasonable prejudice.

But when people talk about survivor bias, I only think that the key to success is survival. You don’t need to finish it first, you just need to make sure it’s done.

Finally, when you focus on small improvements, it is easier to consolidate habits. Instead of being afraid of running many miles, tell yourself that you will go for a relaxing jog and enjoy the experience. If you start and feel good, you may want to push yourself. If you start and feel bad, please relax.

Jerry Seinfeld refers to this as a "don't break the chain" strategy. He lets himself write every day, and when he writes, he puts a big red X on the calendar. Do it long enough, and sometimes you will sit down and do the work so that you don't break the chain. You can't argue with Seinfeld's success. 🙂

The goal is to go out, which will help to develop this habit.

The evidence of small gains is convincing


People easily accept that taking your time is the key to small gains. It is difficult to accept that small gains are enough. We like breakthroughs and logarithmic growth, not incremental gains.

But this story about the British cycling team convincingly shows what happens when you only improve by 1%. It comes from James Clear's book "Atomic Habits" and tells the story of the team's hiring of new performance director Dave Brailsford and how he found 1% improvement in "neglected and unexpected areas." The cumulative effect of this 1% improvement in 5 years is that it won 60% of the gold medals in the road and track cycling events of the 2008 Olympic Games.

An improvement of 1% per day will generate 37.78 times the benefit in a year. It's like watching your child grow up. Every day, your child will grow up a little bit, and you hardly notice. Then one day, Google Photos or Facebook showed you a photo from last year, and you were like "What? Where did the time go?" As they said, the days are long, but the years are short.

Finally, in "The Millionaire Next Door," Thomas Stanley emphasized the idea that most wealthy Americans do this very quietly, progressively, and modestly. These stories are like Robert Morin, who worked as a librarian at the Diamond Library of the University of New Hampshire from 1965 to 2014, and he will continue to donate US$4 million to the university. He didn't win the lottery, he didn't start a business, and he didn't do some "big things." He led a simple life and left his legacy to the university.

These stories are not covered by the media (unless there is a reason, in Maureen's case, there are scandals about using some of these funds on football scoreboards), but they are much more common than flashy stories.


Rest is good, holidays are better


I hope I have now convinced you that small gains are better, and here I am trying to convince you that you need to rest between these efforts.

When I started Bargaineering in 2005, it was a hobby, and I worked on the site before and after work (mostly after work). I spent 8 to 10 hours at work and then worked on the blog. This is a hobby, so it is not a big problem for me to spend my 9th to 11th hours of production time on this interesting hobby. Eventually, the website became bigger (and made money), and I had no choice but to quit my job and do it.

Why do I have to resign?


I'm going to burn out. I enjoy my daily work. I like this job, I like the people I work with, and I have no complaints. I left because I have no blanks. I have no rest.

A big myth at work is that you can get motivation through things. If you just "smile and bear it", you can succeed.

Maybe. But this is only because we do not treat mental health as we treat physical health.

If you get injured in the gym, can you make it through? If you have a broken bone, can you "endure it with a smile"? Maybe if you hurt yourself in the game, you can endure it with a smile...but you may risk permanent harm.

Rest and vacation are great because it allows your brain to relax, process and re-engage. Every night, when you sleep, your brain does this. If you do not sleep well, you will not be so energetic and unable to cope with the problems of the next day.

All night long is foolish. They take away the critical time your brain needs to process everything.

The weekend is also good. It gives you time to explore other hobbies, ideas, etc. It can expand other areas of your mind, and hopefully it can also expand your body.

Re-evaluate and re-evaluate everything


When you are busy doing work, it is difficult to think about how you do it. If you are pushing hard, you will focus on pushing rather than how you push or what you push.

If you realize at some point in the future that you have been doing something wrong, it may be catastrophic. When you are walking fast, you hardly have time to figure out whether it is in the right direction.

When you do this slowly and consciously, you have the opportunity to re-evaluate and re-evaluate your approach in the process. You can do the same when you step back and rest.

This is especially important if you run a business, because running a business requires you to assume two different roles:

CEO-Here, you can consider the company's strategy, development direction and what you are doing

Worker-This is where you execute your strategy and complete your work. You may have employees, but you often have to roll up your sleeves to do work.

Very easy, especially in a high-voltage, hard-charging environment; trapped in worker mode. You start to do, do, do, and forget about the 30,000-foot view. It is difficult to pull yourself out, especially when you are dealing with a challenging situation.

Slow down and take a break to give you a chance to think about the big picture so you can make sure that Worker You is doing the right thing.

Don't work hard, play hard


You have heard this sentence-"I work very hard, but I also work hard." 

It's ok. Sometimes this is part of a person's identity-"I am a hardworking person!" Saying "I just do my job!" feels better. Or "I did my job without sacrificing myself or my family!" (Well, maybe not the last one!)

Work like a normal person. You can surpass yourself, but you don’t have to invest 18 hours a day to achieve good results. Sometimes there may be a sprint, but if you believe that you must basically kill yourself to succeed, then the only thing you can succeed is to kill yourself.

One of the important lessons of working for yourself is that the amount of work you do is not always related to results. Breakthroughs can happen at any time, rarely in the 18th hour of a work meeting.

Playing hard may have the opposite effect of resting-especially if your idea of ​​playing hard involves consuming a lot of things that you wouldn't normally consume at the time. 🙂

Hard to downshift


Well, suppose you believe me, or you want to believe me, but you think it’s impossible to slow down. You are afraid that slowing down will cause trouble.

If you’re used to driving at 120 miles per hour, it’s hard to think that driving at 60 miles per hour will work. I know this because I believe it myself. I am the child of a first-generation immigrant, and many of us know that we must work harder to get half of the recognition and rewards.


When you are used to the result of 120 miles per hour, it is hard to believe that you can achieve similar results by 60 miles. You begin to believe that the only way to succeed is to do your best. Get big or go home!

But the reality is that by slowing down, you can usually get 90% results at 50% speed. The last 10% is cruel.

This is the difference between truly excellent (90%) and world-class (98%) and between world-class and world-class (1%).

Unless it's for the Olympics, you don't need to be world-class. You can do one thing well and still lead a balanced life. You just need to show up every day, do work, and survive.

So, if you find it difficult to downshift, I only suggest one idea-try a slower speed.

Tell yourself this will not be forever, only for a week or two, so that you can see how it feels.
If you want to be rich, some things are best to act slowly If you want to be rich, some things are best to act slowly Reviewed by mattkaydiary on 六月 02, 2021 Rating: 5

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