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Learn to Invest - Broke to Buffett #2 - Compound Growth
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Learn to Invest - Broke to Buffett #2 - Compound Growth
This video draws a contrast between two different types of lifestyles. The spender and the investor. When we look at people around us, we see both types every day. And their lives look almost identical from the outside. But the investor is quietly and slowly building massive wealth. The difference is so subtle but so important. And if you're not purposeful about taking the path of the investor it's easy to get stuck in the trap of commercialism, spending, and materialism. But if you can force yourself to put that money towards your investments every month, the power of compound growth is awesome. The second half of the video also breaks down some of the numbers behind compound growth. The investor only sees a small amount if growth in the first year, but over time it snowballs to become massive.
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