Big Ideas: Compounding

The Meaningful Money Personal Finance Podcast

Pete Matthew

Business, Investing, Education

4.8 • 1.6K Ratings

🗓️ 31 January 2024

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we’re going to look at arguably the biggest of big ideas - the magic of compounding. Einstein said: “Compound interest is the eight wonder of the world. He who understands it, earns it; he who doesn’t pays it” - We reckon that makes it an important subject!

Shownotes: https://meaningfulmoney.tv/BI2

Transcript

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0:00.0	Hi folks and welcome to the Meaningful Money Podcast this is season 27 episode 2.
0:07.0	Yes here we are once again. Welcome back to you all and to you, Raj. Did you know that over
0:18.0	10,000 people listening to this show each week?
0:21.0	That is a lot of influence for a little champ from Penzance.
0:24.0	It's actually a bit worrying that so many people may take action with their lives
0:28.0	as a result of listening to little me.
0:30.0	That's because you go on Y of course.
0:32.0	Swami, you're the wise one.
0:35.0	Yeah, but there are obviously many other people from Pins that's far more famous and
0:38.8	influential than me. And I'll list a couple now.
0:41.4	Okay.
0:42.6	So Humphrey Davy, I went to his grammar school,
0:44.7	but I did mention grammar school.
0:46.6	A bit after his time though.
0:47.6	Yeah, yeah, the famous chemist,
0:49.5	an inventor of the miner's safety lamp.
0:50.9	Yeah.
0:51.6	Helen Glover, which a lot of people probably recognize the rowing Olympic gold medalist and
0:56.1	wife of Steve Bachelors and TV presenter and actually the daughter of a very lovely ice cream
1:01.4	shop.
1:02.4	Yes, the best ice cream in the world.
1:03.8	Yeah.
	...

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