Always bet on compound interest

👋 Hi all,

Last week, I thanked you for crossing the first milestone of 500 subscribers; today, we are already over 600. When I started, I told my girlfriend I would hit 10k in the first year. Although it’s not the goal, it would be fun.

Today’s essay is about compound interest and how Naval inspired me to focus on the long term while taking shortcuts is easier. I also listened to/saw the interview with Pieter Levels, one of the first and most successful digital nomads, and I found a study from Spotify on why you should seek a mentor if you want to get promoted.

See you on Tuesday,

Bas

Whenever I’m stuck for inspiration or feel down regarding my ambitions, I often turn to books. So, that’s what I did for this essay, too. One of my favorite books isn’t a novel but a collection of wisdom from one man. That man is Naval Ravikant, one of this time’s greatest minds.

According to the author Eric Jorgenson, The Almanack of Naval Ravikant is a guide to wealth and happiness. And Eric is right. Two weeks ago, a bright young guy on my team left the company and told everyone on the team what he had learned from that person. He thanked me for the lesson I taught him, that all good work compounds. The truth? I stole that from Mister Naval a long time ago. But I used that as inspiration to build my business. The original quote goes like this: