213: ILAB 101 - The Incredible Math of Compounding Interest

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:  IndeedReceive a $75 credit for a sponsored job post when you visit Indeed.com/ILAB Support Invest Like a Boss: Join our Patreon Discussed: The Power of Compounding Interest ILAB Article:  Compounding Interest Calculator:  Updated for 2022 "Get Started Here" Page for Invest Like a Boss:    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 If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!  Copyright 2021. All rights reserved. Read our disclaimer here.