Also, to the degree it's wrong, you can try to take that error back and see where the argument flows.
Like, compounding is magic, except realistically, one or more of the following typically happens:
- Interest rate is so small that it doesn't add up to a meaningful difference over your lifetime. See e.g. most people and regular savings accounts.
- You aren't able to keep systematically saving / learning / etching a canyon for long enough for the compounding to matter.
- There's a natural decay process that is stronger than compounding.
Whether it's digging a canyon, learning new skills, or amassing wealth, it seems that concentrated but unfrequent actions are much more effective than a steady but weak trickle.
Like, compounding is magic, except realistically, one or more of the following typically happens:
- Interest rate is so small that it doesn't add up to a meaningful difference over your lifetime. See e.g. most people and regular savings accounts.
- You aren't able to keep systematically saving / learning / etching a canyon for long enough for the compounding to matter.
- There's a natural decay process that is stronger than compounding.
Whether it's digging a canyon, learning new skills, or amassing wealth, it seems that concentrated but unfrequent actions are much more effective than a steady but weak trickle.