GET WEALTHY COURSE: The Power Of Compound Effect (Episode Ten)

Join Up Dots - Business Coaching Made Easy (With A Bit Of Life Coaching Too)

David Ralph of Join Up Dots

Interview, Motivation, Online, Businessinterview, Education, Businesscoaching, Entrepreneur, Lifestyle, Income, Business

5 • 1.1K Ratings

🗓️ 6 October 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

GET WEALTHY COURSE: The Power Of Compound Effect (Episode Ten) In this episode of *Join Up Dots*, we dive into the life-changing power of compound interest and actions. We explore how small, consistent efforts—whether financial, personal, or professional—can build into massive results over time. Just as money grows exponentially through compound interest, your daily habits and decisions compound into something far greater than their individual parts. By applying this principle to all areas of your life, from health to relationships, you can achieve extraordinary results with patience and consistency. Start small, stay consistent, and watch how your efforts compound into success. Don’t let negative habits compound against you; take control and invest in your future today. Don’t forget to subscribe to the podcast and leave a review. Your feedback helps us reach more people and continue bringing you valuable content. See you in the next episode! #CompoundYourLife #SmallStepsBigResults #JoinUpDots #ConsistencyIsKey #WealthBuilding #PowerOfActions #TakeControlNow

Transcript

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0:00.0	Life shouldn't be hard. Life should be a fun-filled adventure every day.
0:05.2	So now start joining up dots.
0:07.2	Tap into your talents, your skills, your God-given gifts, and tell your boss, you don't deserve me. I'm out of here. It's time for you to smash that alarm clock and start getting the dream business and life you will of course are dreaming of
0:25.7	let's join your host David Ralph from the back of his garden in the UK or wherever
0:31.8	he might be today with another jammed pack episode of the number one hit podcast join up dots
0:39.0	Yeah good morning to you and welcome to episode 10 of the Get Wealthy Podcast Series brought to you by
0:45.7	join up dots and today we're diving into I think is the most powerful concept in personal finance. You've got to understand this if you want to get
0:58.0	rich and it's the power of compound interest and the power of compound actions.
1:06.7	Now it's something that can completely change your mindset, not just about money, but about
1:12.1	your habits, behaviors and goals. And the idea of
1:15.9	compound might sound a bit like sort of jargon, but trust me, by the end of this episode, you're
1:21.4	going to see it's so much more than that. Now let's start
1:24.8	with the concept most people think of when they first hear compound
1:29.8	interest money. Now the idea is simple. Compound interest is when you earn interest on your interest.
1:36.5	It's not just about earning a bit more on what you initially invested, it's about your returns
1:41.5	growing on top of themselves.
1:44.0	Over time, even small investments can grow into huge amounts.
1:48.7	Albert Einstein allegedly called compound interest, the eighth wonder of the world.
1:54.0	And whether or not he actually said it, it's true.
1:58.0	There's no doubt that compound interest is a force to be reckoned with.
2:01.0	So what does this actually mean? Right, imagine you invest
2:04.7	1,000 pounds with an annual interest rate or to make it easy we say 10%.
	...

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