This week I read a quote that made me stop and think:
Formal education will make you a living; self-education will make you a fortune.
Simple but powerful! Self-education is how people accelerate wealth accumulation (and their life trajectory). As knowledge accumulates, it compounds. This leads to a better understanding of the world, improved decision-making, and unique insights. These benefits lead, in turn, to identifying unique ways to create value. And value creation often leads to wealth.
Self-education is a slow process, but as with any type of compounding, if you stick with it, the backloaded results are outsize when all’s said and done.