In this episode John gets to talk about his favourite subject, compounding. We find out about how our use of compounding has grown our business exponentially. So grab a coffee and find out ‘How to Build a Snowman’
There's liberal amounting of hero-worshipping Warren Buffett, including how he spent $2 Million buying a $57,000 house, and we show you how we used compounding to turn £100 into £120,000, £6,500 into half a million, and £500 into £700,000 a year.
We detail how to use this with devastating effect in your business, and how you could create your own pension, which for £300 a month could net you a lump sum of almost £7 million (note the use of the would "could" there - we were playing with Compound Interest Calculators at the time!)
For links to everything we talk about, including the video recording of the episode and transcription of everything we talked about, head over to the show notes at bigidea.co.uk/podcast.
And to watch the LIVE recording of each episode of the Big Idea Podcast, join our Facebook Group for FREE - you can then watch our ugly mugs in glorious technicolour every Monday lunchtime, as well as get BONUS in-between-isodes, and direct access to both of us to ask any questions about this, or any other episode.