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.
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