By Larry Chiang
Thank you for being a loyal reader. My latest installment comes from a radReads blurb from @CantHardyWait.
It’s insightful because he can wait.
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CEO of Duck9, Larry (@6502838008) |
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Delayed gratification
Marshmallow test. #ruleOf72 = compound interest (@CantHardyWait) radreads.co/naval-ravikant… pic.twitter.com/DdIPxz2McB |
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Best indication of a high FICO score is the Marshmallow test. Can you wait to eat a Marshmallow when two will be given to you later is the infamous Marshmallow Test.
72 divided by the interest rate is the time it takes for principal to double.
Download #ruleOf72 over on Twitter to read about the Rule of 72.
#ruleOf72 = compound interest. If the interest rate is 1000%, it takes about 5 minutes for one marshmallow to become two marshmallows.
72 divided by the interest rate is the time it takes for principal to double. (@CantHardyWait) https://radreads.co/naval-ravikant-on-ego-reading-mindfulness-the-meaning-of-life-7e2d4b344a01
@CantHardyWait stated…
Avoiding short-term thinking & dealing: all benefits in life (money, stockholders equity growth, relationships, love, health, habits come from compound interest.
Sent from my iPhone 8 that Steve Jobs texted me at (two iPhone 4’s where @6502838008 texted back and forth 🙂
Duck9 is a credit score prep program that is like a Kaplan or Princeton Review test preparation service. We don't teach beating the SAT, but we do get you to a higher credit FICO score using secret methods that have gotten us on TV, Congress and newspaper articles. Say hi or check out some of our free resources before you pay for a thing. You can also text the CEO:
