The Velocity of Money
In this week’s episode, I unpack the concept of velocity of money and explain to you why it’s absolutely critical in the context of speeding up the results that you get with your investing.
– why the velocity of money is so important;
– the truth about creating velocity with investing;
– how you can employ the concept of velocity regardless of money; and
– why I think velocity is the 9th World Wonder.
00:00:00 – Intro
00:03:39 – Common Issues with Investing
00:05:23 – Time is the Ultimate Prize
00:06:39 – Why Velocity of Money is Important
00:08:26 – Velocity of Money in Business
00:09:01 – The Truth About Creating Velocity with Investing
00:10:58 – Think Like a Bank
00:14:22 – High-Income Earners Use Less Velocity
00:15:45 – You Can Employ the Concept of Velocity Regardless of Income
00:17:14 – “Velocity of Money is the 9th World Wonder”
00:18:14 – Final Thoughts
00:18:46 – Outro
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