Productive Investments and Entertainment Expenses
Posted by Orrin Woodward on May 21, 2015
Truth is only sweet to the ears only after a person is sick of drinking the vinegar of repeated failures.
Warren Buffett once said that learning is one of the few things that compounds faster than interest. As a result, understanding the difference between an investment and an expense is an essential part of financial literacy and success. Unfortunately, however, the modern world suffers from the effects of compound interest working against them while having little compound learning working for them.
Nevertheless, the truly successful people apply Buffett’s principles by minimizing compounding debt and maximizing compounding learning. Essentially, this describes LIFE Leadership and its top selling product – the Financial Fitness Program. Here is a short video from a talk I gave in Wisconsin describing how to focus on production through enterprise rather than escape through entertainment.