It’s Not Just Wealth That Compounds

It’s Not Just Wealth That Compounds

How the power of compounding applies not only to wealth, but influence, expertise, and creativity. How non-monetary investments can lead to greater monetary wealth and satisfaction.

In this episode, you will learn:

  • Why the rule of 72 and the power of compounding are hindered by portfolio losses.
  • Why the sequence of returns impacts investment performance, but also our expectations.
  • How what we experience in the world is made up of separate glimpses and events.
  • What are non-monetary things that compound with time and why there are no short-cuts.
  • How to focus our attention on things that compound.
  • How non-monetary investments of our time can increase our monetary wealth.


Thanks to Vistaprint and Sleep Number for sponsoring the episode.

For show notes and more information on this episode click here.

  • [0:20] The dangers of oversimplified compounding schemes.
  • [4:30] Our experiences influence what we expect to happen.
  • [7:57] A picture made up of pictures taken through time.
  • [11:26] There are no shortcuts to forming experience.
  • [15:05] Influence is created by passing through time—not by purchasing it.
  • [18:32] Expertise, polish, perfection are all built by passing through time.
  • [19:41] Taking the time to invest in creative work through time.
  • [22:01] Time brings age—and that is okay.
  • [23:11] Passing through time brings wisdom and experience.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Episoder(571)

Bank Runs, Repos, and Your Retirement

Bank Runs, Repos, and Your Retirement

#11 How bank runs were a leading cause of the global financial crisis and why it could happen again. Show notes at https://moneyfortherestofus.com/mny011-repo/See Privacy Policy at https://art19.com/p...

2 Jul 201426min

You'll Never Be Rich, But You Can Live Like You Are

You'll Never Be Rich, But You Can Live Like You Are

#10 How to live like your rich without the money. Show notes at https://moneyfortherestofus.com/mny010-rich/See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art...

26 Jun 201426min

What Investment Rate of Return Can You Expect?

What Investment Rate of Return Can You Expect?

#9 Expected portfolio returns are currently very low. Why that is and what should you do about it. Plus learn how to calculate the expected return for your portfolio. https://moneyfortherestofus.com/m...

19 Jun 201426min

What If Everyone Worked Only Four Hours Per Day?

What If Everyone Worked Only Four Hours Per Day?

#8 We can have sustainable economic growth and a thriving stock market while working less and enjoying life more. Show notes at https://moneyfortherestofus.com/mny008-four-hours/See Privacy Policy at ...

12 Jun 201424min

Predicting the Economy and the Stock Market. Can It Be Done?

Predicting the Economy and the Stock Market. Can It Be Done?

#7 Is it possible to successfully predict the future? Every investor has three choices. They can ignore the future, predict the future, or react as the future unfolds into the present. In this podcast...

6 Jun 201425min

Why You Should Care About the Economy

Why You Should Care About the Economy

#6 Most people don't understand what the economy is, how it grows and what causes recessions. Nor do they care. This episode describes in simple terms how the economy works and why you should care so ...

30 Mai 201424min

The True Cost of a Thing

The True Cost of a Thing

#5 The price of something does not always reflect its true cost, both to ourselves and to society. Through the eyes of Henry David Thoreau and a discussion of why I no longer shop at dollar stores, yo...

20 Mai 201424min

Seesaws, Budget Deficits, and the National Debt

Seesaws, Budget Deficits, and the National Debt

#4 If you understand how a seesaw works, then you'll be one of the few who understands why we need both federal budget deficits and the national debt. Show notes at https://moneyfortherestofus.com/see...

19 Mai 201425min

Populært innen Business og økonomi

lydartikler-fra-aftenposten
stopp-verden
dine-penger-pengeradet
rss-penger-polser-og-politikk
e24-podden
rss-borsmorgen-okonominyhetene
pengesnakk
tid-er-penger-en-podcast-med-peter-warren
pengepodden-2
utbytte
rss-markedspuls-2
liberal-halvtime
livet-pa-veien-med-jan-erik-larssen
morgenkaffen-med-finansavisen
rss-politisk-preik
finansredaksjonen
lederpodden
rss-pa-konto
rss-investering-gjort-enkelt
stormkast-med-valebrokk-stordalen