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Win Make Give with Ben Kinney

42. The Wealth Series, Part Five – Becoming a Student of Wealth and Mastering Compound Interest

Win Make Give with Ben Kinney

Ben Kinney Training

Education, Self-improvement

4.91.5K Ratings

🗓️ 3 June 2020

⏱️ 35 minutes

🧾️ Download transcript

Summary

In part five of the Wealth Series you learn how to become a lifelong student of wealth. This episodes dives into the power of compounding interest and how to harness that power in order to save enough for retirement.

Transcript

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0:00.0

Welcome to the win-make-gib wealth series. This is Ben Kenny. Today as as always, you're stuck with Bob Stewart and Chad Himes.

0:16.5

Say something?

0:17.5

I want, well, I'm not sure about this one.

0:19.7

Stuck, stock, stock.

0:22.1

Ladies and gentlemen, we're halfway there.

0:26.2

You've made it to part five of the Well series.

0:30.3

Today we're going to talk about becoming a student of wealth, but before we do,

0:36.3

Chad Himes, tell us where we've already been.

0:39.7

All right, Ben, we're continuing our wealth building series. We've already talked about the reality check and the retirement check, and then we talked about saving like crazy.

0:51.0

Now we're on to the next part part which is becoming a student of wealth. You think

0:56.2

that's one of the key things in us being able to build wealth is that we have to be a

0:59.6

student of it. Talk more about that for us. You know, Jim Roan said that formal education will make

1:06.7

you a living. Self education will make you a fortune. When I interviewed David Goggins, he made a comment to me.

1:15.8

He said, Ben, there's nobody coming to save you.

1:18.8

Mm-hmm.

1:19.8

And that shook me for years since David and I had that first conversation of there's nobody coming to save me and get me prepared for retirement.

1:30.8

There's nobody coming to save me and help me change my expenses.

1:34.0

There's nobody coming to say, hey, I'm going to help you increase your income.

1:38.0

Right, there's nobody coming to save me.

1:40.0

Because of that, I have to become my own student of wealth.

1:46.0

In college they didn't talk about money.

1:48.2

Nope.

...

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