Finance Stoic 2b – Daily learning

Kaizen, a Japanese philosophy, focuses on continuous improvement in all aspects of ones life. While most consider it for their business, I have often applied it to my life.

Each day, I study and learn to improve incrementally and be better tomorrow than I was today. Recently, I took two courses that were produced by Farnam Street:

  1. The art of focus, which is closed forever
  2. The art of reading

I took the art of focus to improve my daily productivity and focus at work and in other pursuits, such as writing my blog and a novel with my sister.

I am taking the art of reading to improve my retention of what I read and the knowledge I gain from the readings.

Improving incrementally, day by day, will result in me being exponentially better in the long run.

Financial independence thoughts

As I have said before, I work a lot, and yet, I write above that I am taking two courses, the arts of focus and reading, to better myself.

On your financial independence journey, how hard are you working at your day job? How hard are you working at your side hustles? Can you work harder? Can you incrementally improve?

As an example, read these articles that say it much better than I do:

  1. The compounding effect of incremental improvements
  2. Get 1% better every day
  3. The continuous improvement formula

From the continuous improvement formula, I was impressed with the statementĀ If you become one tenth of one percent more productive each day, that amounts to one half of one percent more productive each week. One half of one percent more productive each week amounts to two percent more productive each month and 26% more productive each year.

The rule 72 tells you how long it takes for your investment to double. Specifically, divide 72 by your rate of annual return to determine your rate of doubling. In this case, you see that you could double your productivity in 2.77 years if you improve 1/10th of 1% each day.

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