The book Millionare Teacher changed my life. It was my first introduction to index funds and financial independence. Thanks to him I'll be able to retire before I turn 40.
I retired at 48 It was awesome 1st Be willing to be the community nitwit 2nd Form a plan 3rd Work that plan 4th READ, Read, read 5th Remove anyone or thing that inhibits your goals
Amazing that this podcast was from 4 years ago, and people had the same scares as today. I am more determined than ever to tune out the noise and just steadily invest in index funds.
This was a fascinating podcast. Thanks Paula for introducing me Andrew Hallam. He is so knowledgeable in area of personal finance & excellent communicator. I wish he could have taught me personal finance in high school.
Excellent summary and wrap up. Great podcast. I learned about CAPE ratios for the first time. This was great! I read the book and listened to parts 1 and 2. The book was so clear and answered so many questions and clarified. Your summaries to clarify understanding, during the podcast, were so helpful. You asked things I wanted to ask and didn't think to ask. Thank you. Had no idea your first language was Nepalese. I am an English teacher overseas and did not detect any accent. I did notice your enunciation and articulation were quite clear and I figured that was because you had a radio voice or some related training. I raced to Howja Say. I will provide this resource to my students. Thank you for everything!
Great content, sounded like a friend of mine, but I'm not very sure about the market due to volatility and i'm more focused on short term and following a news about an investor who grew huge profit in few months, my question is, what strategies can i apply to make this from the current market?
There are good gains in the trading market with good research , i started using this strategy when the market crash begun and I've been able to to double the value of my portfolio to about $380,000 although i have been investing in the past few years i still needed the help of an investment expert because i feel trading requires a lot of research and grounded experience.
@@feliciasherbert989 high end investors seem to looks forward to market fluctuations to make huge gains and If you ask me i think they're responsible for jinxing the market
@@feliciasherbert989 Please do you mind leaving me your consultant’s contact info? or preferably I can also leave you my email if that suits you better.
@@tonimhamilton2072 look her up, her name is Lucy Maria Koss she's the investment expert that guides my trades, you can reach out to her via her webpage
Bingo. This is what all the super conservative passive 3-4%/yr bond investors don't get. The higher return of a full stock investment over the long run will always do better. Through ups and downs, S&P has returned 9-10% a year on average. If you just take out 3-4% a year, your portfolio continues to grow, and if you keep the dollar withdrawal amount the same every year, the percentage decrease every year.
Heck no, we understand! I've been increasing market investments over the last 7 months PRAYING for a substantial drop. But then, I think of my parents that are both 60... I just hope it drops for this year maybe next year then rebounds ;) wishful thinking ;)
Paula keeps getting hung up with her rational brain on why people would gamble against the continual top performance of indexes. Indexes don't outperform in 100% of scenarios and never will "So you are saying there is a chance?" is the thing peoples brains go to and they want to be those winners. That and/or just intellectual laziness and apathy towards their financial future are super common as well.
As soon as you can, for as long as you can: 1, make as much money as you can. 2, spend as little as you can. 3, invest as much as you can.
Well said sir
I agree 100%
The book Millionare Teacher changed my life. It was my first introduction to index funds and financial independence. Thanks to him I'll be able to retire before I turn 40.
Char where did you invest your money ?How much did you invest ? How long have you been
investing? Thanks a bunch!
I retired at 48
It was awesome
1st
Be willing to be the community nitwit
2nd
Form a plan
3rd
Work that plan
4th
READ, Read, read
5th
Remove anyone or thing that inhibits your goals
Amazing that this podcast was from 4 years ago, and people had the same scares as today. I am more determined than ever to tune out the noise and just steadily invest in index funds.
There should be course on Jack Bogle in all high schools.
Financial litetacy
moral of the story: 54:20. thank you, Andrew for helping us all out 😭👏🏽👏🏽
I am a school teacher AND a millionaire
Love this video !!
This interview is great. Keep bringing smart people to listen to. 😍
Just want to say thank you for giving back & helping in my financial journey.
Way more complicated portfolio business than the genius simplicity of JL Collins’ recommendation of a total stock market fund hands off
I took decision after listening to your podcast.. thank you Andrew n Paula
This was a fascinating podcast. Thanks Paula for introducing me Andrew Hallam. He is so knowledgeable in area of personal finance & excellent communicator. I wish he could have taught me personal finance in high school.
Hi Paula, I found the interview super helpful. Thank you very much.
Loved this. I also read Millionaire Teacher and learned a ton from it. Great advice. Thanks!
Paula, do an update interview. Andrew probably has a lot more to share given all that's happened in 5 years.
Thank you Paula, Thank you Andrew. I learned alot about fees in investing. I need to retake a look at how I invest my money.
Excellent summary and wrap up. Great podcast. I learned about CAPE ratios for the first time. This was great! I read the book and listened to parts 1 and 2. The book was so clear and answered so many questions and clarified. Your summaries to clarify understanding, during the podcast, were so helpful. You asked things I wanted to ask and didn't think to ask. Thank you. Had no idea your first language was Nepalese. I am an English teacher overseas and did not detect any accent. I did notice your enunciation and articulation were quite clear and I figured that was because you had a radio voice or some related training. I raced to Howja Say. I will provide this resource to my students. Thank you for everything!
Great content, sounded like a friend of mine, but I'm not very sure about the market due to volatility and i'm more focused on short term and following a news about an investor who grew huge profit in few months, my question is, what strategies can i apply to make this from the current market?
well, I think smart investors are current trading the volatile market and not waiting hopelessly for the market stability
There are good gains in the trading market with good research , i started using this strategy when the market crash begun and I've been able to to double the value of my portfolio to about $380,000 although i have been investing in the past few years i still needed the help of an investment expert because i feel trading requires a lot of research and grounded experience.
@@feliciasherbert989 high end investors seem to looks forward to market fluctuations to make huge gains and If you ask me i think they're responsible for jinxing the market
@@feliciasherbert989 Please do you mind leaving me your consultant’s contact info? or preferably I can also leave you my email if that suits you better.
@@tonimhamilton2072 look her up, her name is Lucy Maria Koss she's the investment expert that guides my trades, you can reach out to her via her webpage
I love you channel! Thank you for your hard work!
Bingo. This is what all the super conservative passive 3-4%/yr bond investors don't get. The higher return of a full stock investment over the long run will always do better. Through ups and downs, S&P has returned 9-10% a year on average. If you just take out 3-4% a year, your portfolio continues to grow, and if you keep the dollar withdrawal amount the same every year, the percentage decrease every year.
A Great podcast. I prefer all weather portfolio as i cant stomach market volatility.
Heck no, we understand! I've been increasing market investments over the last 7 months PRAYING for a substantial drop. But then, I think of my parents that are both 60... I just hope it drops for this year maybe next year then rebounds ;) wishful thinking ;)
That kind of worked out for you in 2020, right? Hope you were able to take advantage of it!
Fortunes are made during Bear markets not in Bull markets.
George McGovern equal amount of both.
Great Video. Thank you for posting.
Ref 21:55 - Hmmm, this strategy sounds very much like the Permanent Portfolio advocated by Harry Browne and later written about by Craig Rowland.
Paula keeps getting hung up with her rational brain on why people would gamble against the continual top performance of indexes. Indexes don't outperform in 100% of scenarios and never will "So you are saying there is a chance?" is the thing peoples brains go to and they want to be those winners. That and/or just intellectual laziness and apathy towards their financial future are super common as well.
great show!🧡
Bookmark 1:00:00
Very inspirational!
Awesome information. Thanks for sharing this 👍👍💰💰💰
Can any recommend UK based financial experts? Everyone I come across is based n US or Canada. Thank you.
London Lens TV
I recommend just research FTSE Based Vanguard funds or other UK based low fee (
Excellent interview.. And I got the Schrodinger's Cat reference.
rule 1 : ignore snake oil salesmen.
"How to become a millionaire? Borrow fivers off everyone you meet." -- Sir Richard Branson
1:20:00
Epic!!!
why cant there just be 1 rule? 9 is so much
40:43
He says to close your ears and eyes and just invest in the overpriced stock market. Sounds like it won't go bad at all
This aged well….
@@TheOne-vf2yw bubbles keep inflating untill they don't.
@@ryanbruh752 Don't invest your money. Keep it under your mattress then lol
@@TheOne-vf2yw no thank you there are assets other than bubbled stocks you are just blind buddy
@@ryanbruh752 Okay man👍
If the factors are based on risk you can't arbitrage them away