Sam and Derek take it back to basics with a special episode on the incredible math of compounding interest. They’ll show you how anyone can passively become a millionaire with a little disciplined investing and time. This is an evergreen topic that has proven itself for decades and should apply to anyone for the foreseeable future. Make sure to share this one with family and friends who are new to investing or have yet to start!
Where we are:
- Johnny FD – Ukraine / IG @johnnyfdj
- Sam Marks – United States / IG @imsammarks
- Derek Spartz – Venice Beach / IG @DerekRadio
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- 06:32 – Quick background on Johnny Sam and Derek
- 11:05 – Establishing the actual financial dream
- 12:08 – Warren Buffett investment advice
- 14:08 – Albert Einstein compound interest quote
- 15:12 – What is Compounding Interest?
- 16:25 – Models of Compounding Interest
- 21:27 – Derek’s problem with Sam’s Chart
- 24:30 – The solution to the problem
- 31:23 – Johnny’s advice and tricks
- 39:50 – Index funds
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