How to use power of compounding to grow your wealth - Greg Arthur, Andy Tanner
YouTube Viewers YouTube Viewers
3.33M subscribers
9,006 views
0

 Published On Premiered Feb 27, 2024

In this episode, Rich Dad Wealth Expert Andy Tanner talks about the power of compounding and how to leverage it to generate wealth. He discusses that it's not just about increasing the value of an individual asset, but also about increasing the number of assets a person owns. Andy also critiques the common 'buy low, sell high' approach, arguing that this method doesn't focus on asset multiplication, a core aspect of compounding. He emphasizes buying assets that compound over time, like businesses or stocks that pay dividends. Furthermore, he encourages listeners to minimize their fees and add options to their investment strategies, which can greatly increase their rate of compounding. He concludes by asking listeners to assess whether their current wealth plan is increasing the amount of their assets, or simply their value.

Why Watch:
- To understand Einstein's principle of compounding and its potential to generate wealth.
- For insights into different investment strategies that utilize compounding, including the pros and cons of each.
- To learn about the importance of financial education in maximizing compounding's effect on wealth accumulation.

Get Andy's FREE Webinar "Zero to CashFlow" - https://bit.ly/3qEiRqN

00:00 Introduction and Welcome
01:41 The Importance of Multiple Streams of Income
03:30 The Concept of Compounding in Financial Education
05:33 Understanding the Principle of Compounding
06:38 The Concept of Reinvestment in Compounding
07:58 The Power of Compounding in Wealth Accumulation
10:02 The Role of Compounding in Creating a Legacy
11:25 Understanding the Difference Between Rate of Compounding and Rate of Return
13:03 Exploring Different Ways to Compound in the Stock Market
21:47 The Power of Dividends in Compounding
30:27 The Importance of Increasing Number of Assets in Compounding

------
https://www.richdad.com/

Facebook: @RobertKiyosaki
  / robertkiyosaki  

Twitter: @TheRealKiyosaki
  / therealkiyosaki  

Instagram: @TheRealKiyosaki
  / therealkiyosaki  

-----

Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.

The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.

show more

Share/Embed