Two speakers break down profit and loss, ROI, and compounding interest using simple examples. A penny that doubles daily for 30 days beats a million dollars today. They show how delayed gratification, like choosing two Snickers tomorrow instead of one now, builds wealth over time.
Question for you. What's P and L mean?
Profit and loss.
Roi?
Return on investment.
Yeah, what's the eighth wonder in the world?
Compounding interest.
Oh, yeah. Would you. Would you rather have a pen? I'm gonna give you a penny today and you compound it every day for 30 days. Penny today, tomorrow, two pennies. Four pennies. Eight pennies. It just keeps growing. Double? Or do you want a million dollars cash today?
I take the 30 pennies that double every day.
Why?
Because you'll get more than about $5 million.
Five million bucks? Okay, so delayed gratification, you're cool with that?
What?
Delayed gratification. Do you want a Snickers today or do you want two Snickers tomorrow?
Snickers.
There you go. Tomorrow. All right. If he was real smart, he'd say, I'll take both. We got some work to do, buddy.
