00:00When we talk about the S&P 500 or other ETFs or index funds that make compound interest or
00:05compound growth, really, that's what we mean. Next is this idea of dollar cost averaging,
00:10or you might see it as DCA. Dollar cost averaging is the practice of systematically investing equal
00:16amounts of money at regular intervals, regardless of the price of a security. The way to practically
00:21do this is just basically every time you get paid, you put a certain amount of money into
00:26the stock market and into whatever ETF or stocks that you've chosen. If it's this S&P 500 and your
00:33dollar cost averaging, every two weeks or every month or whenever you're putting $100 or $200 or
00:39whatever in no matter what.