If you want to be financially successful at a relatively young age, you need to be able to cut the learning curve.
At most people’s current learning curve rate, the average person is on track to be a millionaire at 130 years old. This means the sooner you speed up the learning process, the sooner you’ll become a millionaire.
In order to cut this learning curve and minimize your mistakes, you need to do one thing: You need to read a lot.
Making mistakes will be an inevitable part of your learning process. The goal however is to minimize the number of mistakes you actually make.
Reading books is important because books have the ability to cut the learning curve by years, even decades for you simply because books will teach you what other people have done wrong so that you don’t have to repeat those same mistakes.
It’s like billionaire investor Warren Buffett says, “People learn from mistakes, but it doesn’t have to be their mistakes.”
Realize the penalty of not reading and having to learn everything the hard way. The penalty of trying to do everything through trial and error is that you won’t be a millionaire until you’re 130.
Save yourself the time and effort and remember what Socrates once said, “Employ your time in improving yourself by other men’s writings, so that you shall gain easily what others have labored hard for.”