Sam and Derek take it back to basics with a special episode on the incredible math of compounding interest. They'll show you how anyone can passively become a millionaire with a little disciplined investing and time. This is an evergreen topic that has proven itself for decades and should apply to anyone for the foreseeable future. Make sure to share this one with family and friends who are new to investing or have yet to start!

Listen to ILAB 213 on iTunes here or subscribe on your favorite podcast app.

Where we are:

Johnny FD – Ukraine / IG @johnnyfdj
Sam Marks – United States / IG @imsammarks
Derek Spartz – Venice Beach / IG @DerekRadio

Sponsor:

Indeed
Receive a $75 credit for a sponsored job post when you visit Indeed.com/ILAB
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Discussed:

Like these investments? Try them with these special ILAB links:

ArtofFX – Start with just a $10,000 account (reduced from $25,000)
Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)

*Johnny and Sam use all of the above services personally.

Time Stamp:

06:32 – Quick background on Johnny Sam and Derek
11:05 – Establishing the actual financial dream
12:08 – Warren Buffett investment advice
14:08 – Albert Einstein compound interest quote
15:12 – What is Compounding Interest?
16:25 – Models of Compounding Interest
21:27 – Derek’s problem with Sam’s Chart
24:30 – The solution to the problem
31:23 – Johnny’s advice and tricks
39:50 – Index funds

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213: ILAB 101 - The Incredible Math of Compounding Interest 52:54 Share

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Shownotes Transcript

213: ILAB 101 - The Incredible Math of Compounding Interest