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.
Sincerely,
19 Responses to “Productive Investments and Entertainment Expenses”
Sorry, the comment form is closed at this time.
CJ Calvert said
Orrin, another fantastic video helping people escape the Financial Matrix. Thanks for leading!
Philip Brittain said
Orrin,
Thanks for another awesome video. Love this messaging! Escaping the Financial Matrix and leading the way for others!
Philip
Randy Robson said
This was such a great talk. Thank you!
Robby Palmer said
I can’t get enough! Keep em coming!
Hilary Dorr said
Thanks Orrin! Great talk!
Tina Abernathy said
Excellent! I believe wisdom is truly wisdom when you share it with others. Thanks for sharing
Randy Guyton said
so many are breaking free of the financial matrix and living the life they have always wanted! The Financial Fitness system has and is helping so many people everywhere, including my wife and I! Thanks Orrin!!
Rick Tillmann said
Hey Orrin,
I am making the reading of your blog part of my Club 180 Go Getter discipline and encouraging our teams to do the same. Btw, someone on our team just announced the paying down of $88,000 dollars of their debt, thanks to the application of the Financial Fitness Program!!! How’s that for results???!!!
Orrin Woodward said
Rick, that is FANTASTIC! $88,0000 of debt wiped out by applying the principles of Financial Fitness Program!! 🙂
Maddali Swetha said
Excellent Video!
Steve Leuquin said
Great talk Orrin! Got to see this one live and it spoke to me. Funny, as I was watching it I was up just past 3 AM so I know I must be hungry for success! Thanks for the great reminder in this video clip!
Steve
Kirk Birtles said
Thanks Orrin! Escaping the matrix is not easy, but it is definitely worth it! People simply cannot afford to be bad with money in this day and age. Kb
Maura Galliani said
These principles need to be taught in schools … not only high school and college, but why not starting at the junior high level, too? And you mentioned “work.” Yup, this country sure appears to be growing a culture that does not favor work. Thank you for LIFE Leadership, and thank goodness this community IS making inroads to the education systems of this country! 🙂
AJ Smith said
“Jedi Master Night Triple Crown winner”. Ha ha ha! It gets me everytime I hear you say it! The funniest part is I remember a time in my life when a huge part of my self esteem was based on these characters and the levels I achieved on them. It is sad that kid only feels like he can find friends through a game.
Unfortunately, I don’t think many people realize that video games are a very real addiction. I remember when I gave them up at age 18 when I saw the effects it had on some peoples marriages and I didn’t want what they had. It was difficult and I am so grateful that I hadn’t had anything to do with video games for several years before I was married.
Mary Decker said
Thanks Orrin for another great talk. It is so right on how our culture has gotten into a “do the minimum” kind of mindset. The scary thing, it is subconscious. Thanks again for all you do!
Rob Brown said
Orrin,
The problem is it makes sense. Money is supposed to be either worshipped, evil, or a mystery. You have taken that false perception out of it and shown people that it’s just a thing, but a thing that can be used to do a lot of good. Thank you for the common sense!
Alberto said
Nice one Orrin, in Haiti we are applying these principles in order to get rid of the Financial Matrix.
Fired up!
John Mossner said
Great concept I wish we had learned around, oh, about high school. Love the teaching!
Mark Paul said
Thanks Orrin! I like the wording that learning is the only thing that compounds faster than interest!
Mark