How to use power of compounding to grow your wealth - Greg Arthur, Andy Tanner

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" - 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
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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.

[@sarahfletcher01]

Andy is beyond amazing. “How to secure wealth”

[@sarahfletcher01]

Making money is action, saving money is behavior and Growing money is knowIedge.

[@sarahfletcher01]

I am fortunate I made productive decisions that changed my finances (accumuIated over 1MiI in 2years) through my financiaI coach. Bought my 2nd house in January, and hoping to retire at 52 by next year.

[@sarahfletcher01]

researvh the name, if you care.

[@sarahfletcher01]

*Rebecca Martin Watson*

[@yung1448]

this has rekindled the fire to my goaIs.

[@bradmeltonrealtor386]

If you guys have never taken one of Andy’s free classes, definitely sign up. It will change your way of thinking, and you will never feel the same about money ever again, in the good way. These guys are the real deal, they are a lot of fun, and you can tell that they are all around good people! Enjoy!

[@roselineakol146]

Like the idea of the golden goose compounding into geese!! And the golden eggs, amazing!!

[@craigbouwers6051]

Thanks once again for the financial information Andy and Greg.

[@kgawaneclinton8667]

Can't wait to engage with you guys here in south africa

[@wattasay2370]

You guys are amazing and provide great info! We do have a huge problem where 80-90% broke! How do we survive and thrive in this dead market?

[@JLW667]

1:43 Multiple Streams of Expenses 23:41

[@NorthAmerican-zo3ob]

What is Andy’s view on “The Great Taking?”

[@robertclarkson6064]

Thanks y'all 💲💲💲

[@johnbethea4505]

We were taught compounding of interest semi-annual for money in a saving account. This was in elementary school back in the 1950's..This was a time when we didn't have much money..

[@FahadAlidu]

Andy has been coughing anyday😂😂...You're genius🎉🎉

[@JackKaoma-mm3xy]

Can you do a video on becoming a successful investor

[@user-yn7ll3qz1p]

So how does compunding work with buying precious metals, i don't think it is possible...

[@Poleeze1]

Precious metals dont cashflow. They only hold their value well and appreciates. What I do is cashflow precious metal ETFs then use the money to buy physical precious metals. In my case, I cashflow silver ETF

[@squibbleyfarbleton1976]

I would sure like it if anybody can help me with clarification for my question earlier. Not trolling, sincere and genuine.

[@MuhammadAmin-mc9dc]

Good information. Sir inka map kb aye ga

[@squibbleyfarbleton1976]

Didn't you say that compounding was evil in another video?

[@dustinmiller2775]

"Compound interest is the eighth Wonder of the World. Those that understand it, earn it. Those that don't, pay it " ~Albert Einstein

[@OliverDliam]

To my understanding Success depends on the right actions and steps you take to achieve it. And taking the right opportunity. Real estate or crypto?

[@SpencerTreat-sb3jl]

Would love a deep dive into the new 401koas book

[@ryanwilliams989]

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market

[@StellaMaris-lv2uq]

Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a-lot of wealth transfer in this downtime if you know where to look.

[@maryHenokNft]

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

[@maggysterling33254]

@@maryHenokNft Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems

[@maryHenokNft]

The decision on when to pick an Adviser is a very personal one. I take guidance from *Gertrude Margaret Quinto* to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.

[@BiancaSherly-qt6sb]

I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.

[@dustinmiller2775]

"Compound interest is the eighth Wonder of the World. Those that understand it, earn it. Those that don't, pay it " ~Albert Einstein

[@mymagicsigns]

The secret of rich people is they have alot of money because they don't spend it, I am poor because I buy everything, but the difference between me and my rich friends is that I have all the fun and all the toys, and they have expensive cars and boats in wich they get bored :) Wealth comes in different forms, I enrich myself with moments, I cherish them and praise them, money for me is no different than a hammer or a saw, just a tool. Rich people collect money, immaginary numbers, I could have a lot of money, but my life would suck so bad if I would have kept the money.

[@Poleeze1]

What do you use to buy these ‘everything’ that you have?

[@mymagicsigns]

@@Poleeze1 I make alot of them, and I find alot for free, and I trade, I also use money, but that is why I don't have any.

[@atibamaule]

@21:18 wait a min, Charlie Munger died? Wow didnt know.

[@capistrano99]

That's why interest is evil, it keeps compounding your debt

[@NinaCarlos-rj8rm]

I'm favoured $130k every 4 weeks! I now have a good house and can afford anything and also support my family

[@NinaCarlos-rj8rm]

I will advise you stop trading on your own if you keep losing. And i don't trade on my own anymore, I always required help and assistance

[@NinaCarlos-rj8rm]

She's a licensed broker here in the states.

[@NinaCarlos-rj8rm]

She's mostly on Telegrams, using the user name

[@NinaCarlos-rj8rm]

EXPERTNICOLEFLYNN💯.. that's it

[@NinaCarlos-rj8rm]

Sure! She interacts on what's Apk using the digit below👇

[@dolphinwaves]

Andy say “drugs are bad mmmkay “

[@smalls7915]

!!!

[@k3n_ng]

Andy really needs a good air filter at home and he should be eating more carrots.