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Mark Parrett and Steven Manuel discuss the next in their Critical Skills of Money series: MULTIPLICATION. (This is the aspect of money management that people REALLY get JUICED about: how do we take money and turn it into MORE money?) Everybody gets amped at the idea, but multiplication is more about discipline than anything else. Being comfortable with taking some risk helps too. ALSO! If you're wondering how Mark's suits have been fitting him lately, this episode is for you!
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This Week's Episode Rundown:
0:00 Mark’s Soap and Suit
4:21 Critical Skills of Money Recap
7:14 MULTIPLICATION
10:30 Biblical Backgrounds
17:21 Multiplication In Action
19:05 The Power of Compound Interest
30:11 Stewarding The Master's Money
37:17 Why Should We Multiply?
43:08 I'm Going to Be A Multiplier, by Gum!
44:51 BONUS SKILL: Understanding Risk
53:30 Assessing Risk
59:07 Recap & Close
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