Chapter
Investing in Business Can Make You Rich
12:34 - 16:39 (04:04)
Investing in a business with a 10-12 percent profit and reinvesting that money at 10 percent can lead to a significant return, possibly even reaching $100 million by age 60 with compounding.
Clips
The speaker discusses the risk involved in investing in housing and poses a question of whether investing in a house with an 80 percent chance of being worth zero is reasonable.
12:34 - 14:09 (01:34)
Housing
Summary
The speaker discusses the risk involved in investing in housing and poses a question of whether investing in a house with an 80 percent chance of being worth zero is reasonable.
ChapterInvesting in Business Can Make You Rich
EpisodeGetting Rich Quick Sucks - Andrew Wilkinson Teaches You How to Get Rich Slow
PodcastMy First Million
By starting a profitable business at age 30 that produces $500K annually and investing those profits at a rate of 10 to 12 percent, it's possible to reach a net worth of $50 million by age 50 through the power of compounding.
14:09 - 16:39 (02:30)
Personal finance
Summary
By starting a profitable business at age 30 that produces $500K annually and investing those profits at a rate of 10 to 12 percent, it's possible to reach a net worth of $50 million by age 50 through the power of compounding.