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 PrizeRead More
So, I recently ran my mastermind here in Canberra as a live event. And, first of all, it was so good to be back doing events in the flesh where you get to break bread and sit with people who are doing the same sorts of deals you are and who are heading in the same direction.
The theme for this intensive was the velocity of money. I chose the theme for this particular intensive after reading a book called Shoe Dog.
It’s an autobiography of the founder of Nike, Phil Knight, over the first 10 to 12 years of his journey around starting that business.
And one of the reasons I loved this book and why it inspired the theme for this last intensive was because Phil is really good at explaining how he lived on a knife-edge for the first decade or so of starting his business and explained the fundamental concept of velocity of money.
While I wouldn’t necessarily invest from the same kind of perspective as he would, it just got me thinking of this concept of the velocity of money and how most investors seem to have a broad understanding of it but don’t really delve into the idea in the context of investing.
Most of the time, investors give it virtually no consideration.
So, in this article, I want to unpack this concept called the velocity of money and explain to you why it’s critical in the context of speeding up the results that you get with your investing.Read More
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