5 Money Laws That Will Never Change

Capitalism.com with Ryan Daniel Moran

Capitalism.com

Entrepreneur, Amazon, Lifestyledesign, Investing, Startup, Ryandanielmoran, Finance, Cashflow, Freedomfastlane, Lifestyle, Business, Passiveincome, Financialfreedom, Entrepreneurship

4.8 • 793 Ratings

🗓️ 18 December 2023

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

There are 5 life lessons Ryan Daniel Moran has learned that will lead to true wealth.

If anyone understands and applies these they have a better than average chance at creating abundance in their life.

In this podcast Ryan reflects on his life's greatest successes and failures when it comes to gaining (and losing) a lot of money.

Since life is the result of doing things for a long time that create compounding returns, if you live by these 5 principles you will always consistently grow your wealth.

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Timestamps:

(0:10) - Reflecting On Life & Business Decisions

(1:50) - Compounding Returns Explained

(4:00) - 5 Lessons That Lead To Compounding Results

(4:30) - #1 - Nothing Happens Until Something Is Sold

(7:50) - Making More Money In A Job

(10:30) - #2 The Inverse Security Vs. Upside Law

(12:50) - Predictable Vs. Growth Investing

(18:20) - #3 Things To Get Bigger

(21:20) - Invest As Though The Market Will Be Up In 10 Years

(24:20) - #4 If You Want To Build Wealth, You Have To Own Things

(26:00) - Owning A Piece Of A Growing Economy

(27:30) - #5 Value Is Subjective. Value Is A Story

(30:00) - Company Evaluations Explained

(31:00) - Conclusion: Applying The 5 Life Lessons Of Wealth

Transcript

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0:00.0	Hi everyone, I'm Ryan Dana Moran. Welcome to Capitalism.com. As I'm recording this, I'm just coming back from Ohio where I was spending a week with my family. I have grandparents that are still alive. They're 93. And every time I see them, I pretend like it's the last time and I cry
0:22.5	and I say sappy things. And I saw both my parents, my dad came in from Tennessee, and it was a
0:30.5	wonderful time to visit with family. But for the first time, in a long time, I was reminded of what a bubble I live in, of the perspective that I have being a business owner and an entrepreneur.
0:45.4	I visited with a friend of mine who I've known since I was five years old.
0:50.7	He came in from Washington, D.C. to see his family.
0:58.0	And we connected for the first time in a long time. And he chose a very different life, a very different career. He works for the government, and he has for years, and that will probably be his lifelong plan.
1:08.5	My brother is a police officer. He's been a police officer for 15 years.
1:13.6	My sister-in-law is a nurse practitioner. These are blue collar backbone of America. And sometimes
1:21.1	it takes going back home to realize what a bubble you're in. And it made me sort of pause and reflect about different decisions,
1:31.5	not better or worse, just different decisions. Because I had a family member tell me that they
1:37.0	were really impressed with all the wealth that I have built and the difference that we're having
1:41.6	here at capitalism.com. And we were just talking about our
1:45.8	different mindsets. Again, not better or worse, just different. And I was reminded of a book that I read
1:53.0	early in my journey in my career called The Slight Edge. It's by Jeff Olson, and it basically
1:58.7	has one principle to it, is that life is the result of doing things for a long time,
2:05.4	compounding returns, that this idea that you have these big jumps in progress
2:10.6	is mostly an illusion.
2:12.4	And even when they do happen, they often come on the other side of many years of pounding the pavement, doing a lot
2:20.7	of hard work, putting in the time, and then once in a while you get lucky or you have a big
2:25.9	breakthrough. And recently, a friend that I've known for some time made a comment to me,
2:31.8	and he said, I hope that some of your financial wisdom rubs off on me.
2:37.8	And I've been friends with this person for some time now and I've had enough time to examine and
	...

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