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InvestED: The Rule #1 Investing Podcast

59- Payback Time Evaluation

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Business, Investing

4.61.6K Ratings

🗓️ 24 May 2016

⏱️ 37 minutes

🧾️ Download transcript

Summary

What is payback time? This week we discuss the calculation of how long it takes to get your money back from an investment and a great way to figure out what you would buy a private business for. For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hi everybody this is Phil Town this is Phil Town this is Danielle Town and we're here

0:08.6

for the Invested Podcast where you're going to learn how to get seriously invested in your financial future and

0:15.8

your financial retirement in investing properly the way Warren Buffett and Charlie Munger have been teaching the world for 50 years.

0:27.0

Are we are we definitely going to learn that?

0:29.0

Is that definitely what's going to happen here?

0:31.0

I don't know. I don't know. That might be what you're selling

0:37.0

but I don't know if I'm buying. It's what I'm teaching and you know it's like when the student is ready the teacher will

0:47.5

appear and I know you're ready and here I am and the only problem I have is that I'm your dad that's the problem

0:59.2

I mean I get here I am everyone I'm here I've been here the whole time why won't anyone listen to me.

1:06.0

I mean I get more crap from you about this than anyone has ever given me my whole life apart from you.

1:13.4

Oh, my gosh.

1:15.4

I feel like you are a lucky person then because you need someone to challenge you, right?

1:22.2

You need someone to say that makes zero sense to everybody who's normal.

1:27.0

Well clearly that's true because God provided me with you.

1:31.0

Exactly, my point exactly. me with you. you. Exactly.

1:33.0

And honestly, doing this podcast with you for the last year has opened my eyes so much to the difficulty of learning something this simple.

1:46.2

And it truly is difficult to learn because there's not because it's hard to learn.

1:51.3

I mean, like we said last time Charlie said

1:53.0

there's four things okay it's basically all boils down to four things how hard

1:57.2

could it be to learn those four things and and the problem though becomes one of

2:01.9

emotion what you call mindfulness, the practice, the commitment,

2:07.3

the willingness to be patient, the willingness to not do anything, it's so hard for people to recognize that the reason Charlie and

...

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