1814: [Part 1] How To Build A Compounding Machine by Barney of The Escape Artist on Investing for Retirement

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Business, Education, Investing, Self-improvement

4.5 • 1.3K Ratings

🗓️ 26 February 2022

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Barney of The Escape Artist tells us how to build a compounding machine. This is part 1 of 2. Episode 1814: [Part 1] How To Build A Compounding Machine by Barney of The Escape Artist on Investing for Retirement Barney Whiter writes about money and financial freedom at The Escape Artist. He has a degree in economics, is a qualified chartered accountant and had a 20 year career in corporate finance in London. Most recently, he is providing financial coaching to entrepreneurs, employees, and other people saving and investing towards financial freedom. The original post is located here: https://theescapeartist.me/2019/11/09/how-to-build-a-compounding-machine/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, Episode 1814.
0:04.3	How to build a compounding machine.
0:07.0	Part 1.
0:08.0	Buy Barney of the Escape Artist.me.
0:11.6	And on your host and personal finance enthusiast, Diana Mariam,
0:16.3	I have a bit of a longer post today.
0:19.0	So I'll read the first half and then finish the rest for you tomorrow.
0:23.6	So with that, let's dive into Part 1 and start optimizing your life.
0:30.5	How to build a compounding machine.
0:35.0	Part 1.
0:36.0	Buy Barney of the Escape Artist.me.
0:40.3	Imagine a black box.
0:42.7	Your job is to earn and save as much money as you can.
0:46.7	You put the cash saved into the black box, into your compounding machine.
0:52.0	Once you put the cash inside the box and close the lid,
0:55.6	the magic starts to happen.
0:58.1	Inside the black box, the most powerful force in the universe
1:01.9	gets to work and your money starts to grow prodigiously.
1:06.7	You start with a few thousand pounds and end up with hundreds of thousands, maybe millions.
1:14.0	If you're a bit lazy and who isn't, and yet still want to get rich,
1:18.9	and who doesn't, then this is the path for you.
1:22.8	We want our money to do as much of the work as possible for us.
	...

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