Inertia can be positive or negative. Positive when Good work has happened and one feels the benefits until the momentum becomes zero... Negative when the change is not seen until quite some time and lots of people abandon the change because of no visible outcome.
Small steps make huge difference. It was Arnold shwazeneggar who said " I always smiled in the gym because each rep took me closer to my goal of being an Olympian champion"
Each step that we take consistently enables us to be better than what we were before and as this happens visible results start to show up exponentially.
Recently I was coming back from the airport and was in a cab. The cab driver started talking about paytm shares flopping 40% down in two days time and we got onto to a discussion about trading. I told him that trading is very risky and he shouldn't be doing things like this.
We got talking about mutual funds and how it can help build a lot of wealth and I got to explaining the rule of 72 and how he can calculate how much he could make over a period of time. I started showing him that if he spent 30 yrs in the market.. He could easily convert 5lakhs into 1crore.
It was an exciting moment for him to realize this... And we got to discussing how this can create so much wealth for the next generation.
It was a small step.. In the right direction for the cab driver.. He was not in inertia.. But the motion was towards trading and in the wrong direction
I don't know if he will follow the advice... But maybe it is a step.. In the right direction
Its simplefinancialsense
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