Get Rich While You Are Young | Ep 1001

I am making this for people who want to get rich. And if that is not you, that is totally fine. There's no judgment. You can skip this. But this is for people who are trying to call it money max for the short period.

So if you if you want to max, you have to min and you have to be willing to do that for a period of time. And so I'm going to give you an argument that I think is very compelling for why you should do it sooner. And so if you want to get rich, then you should try and get rich as young as possible. And I will break down very logical reasons for why. So number one, first and foremost, one of the most underrated reasons is the math behind getting wealthy.

All right, so money compounds at three to four times the rate in the beginning as it does later, meaning your increase in compounding on the excess cash you have in the earlier parts of your career will outpace the increase in earning power. And so for example, if you have $1 extra when you're 25, it might be $90 by the time you're 70, right? Whereas if that same dollar at 35 would only be a third as much. And that same dollar at uh 45 would be a ninth as much, right?

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