There are 5 life lessons Ryan Daniel Moran has learned that will lead to true wealth.
If anyone understands and applies these they have a better than average chance at creating abundance in their life.
In this podcast Ryan reflects on his life’s greatest successes and failures when it comes to gaining (and losing) a lot of money.
Since life is the result of doing things for a long time that create compounding returns, if you live by these 5 principles you will always consistently grow your wealth.
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Timestamps:
(0:10) – Reflecting On Life & Business Decisions
(1:50) – Compounding Returns Explained
(4:00) – 5 Lessons That Lead To Compounding Results
(4:30) – #1 – Nothing Happens Until Something Is Sold
(7:50) – Making More Money In A Job
(10:30) – #2 The Inverse Security Vs. Upside Law
(12:50) – Predictable Vs. Growth Investing
(18:20) – #3 Things To Get Bigger
(21:20) – Invest As Though The Market Will Be Up In 10 Years
(24:20) – #4 If You Want To Build Wealth, You Have To Own Things
(26:00) – Owning A Piece Of A Growing Economy
(27:30) – #5 Value Is Subjective. Value Is A Story
(30:00) – Company Evaluations Explained
(31:00) – Conclusion: Applying The 5 Life Lessons Of Wealth