Really Simple Investing Podcast

Floyd
  • 5.0 (2)
  • Investing
  • Weekly

The Really Simple Investing Podcast helps you build long-term wealth through clear, practical investing strategies from the founder of Really Simple Investing and expert guests. Each episode breaks down how to grow your money to build your wealth steadily using proven approaches like dividend-paying stocks, index funds, income-producing real estate, buying strong cash flow businesses, generating passive income and smart portfolio design. You’ll learn how to invest with confidence, manage risk, and stay focused on proved strategies that work over time.  This podcast is designed for everyday investors who want simple systems for building financial security and independence. Whether you’re just getting started or refining your long-term plan, you’ll gain straightforward guidance on:  •  Creating reliable income streams  •  Building diversified portfolios •  Using dividends and compounding effectively •  Avoiding common investing mistakes •  Building wealth with consistency and discipline The goal is simple guidance — helping you make smart investing decisions that compound for years to come. The Really Simple Investing Podcast is your weekly guide to building wealth in really simple ways. These ideas are the same approaches many self-made millionaires use and you can too.

  1. 05/07/2024

    Empowering Women: Expert Tips for Safe Day Trading and Financial Independence

    Can you start investing while paying off debt? Is it possible to begin trading stocks with just a small amount of money? In this episode of the Really Simple Investing Podcast, Erin Thompson, has a background in background in engineering and personal finance, shares her expertise in day trading and helping clients with their finances. She emphasizes the importance of investing even while paying off debt and recommends starting with small amounts of money.  With a background in engineering, Erin brings an analytical and systematic approach to personal finance and stock market investing. Her mission is to help people, particularly women, develop financial plans, understand investing opportunities, and take meaningful steps toward building wealth. As Erin explains: "I really want to help other people, particularly women, to be able to make a plan for themselves and execute on the plan so that they can completely change their future." — Erin Thompson During our conversation, Erin discusses why investing and paying down debt do not always have to be mutually exclusive. She explains how individuals can begin investing with relatively small amounts of money while continuing to manage their financial obligations. She also discusses the differences between long-term investing, swing trading, and day trading. A significant part of our discussion focuses on the practical skills required for day trading. Erin explains how she uses technical chart analysis, trading patterns, specific trading windows, and risk management techniques to identify potential trading opportunities. She also discusses the importance of stop orders, monitoring positions, and developing a disciplined trading strategy. Beyond trading, Erin emphasizes that financial success requires more than understanding the stock market. Budgeting, money management, financial confidence, and a positive money mindset all contribute to building a stronger financial future. Whether you are new to investing, interested in understanding day trading, or looking for ways to improve your financial situation, this episode offers practical insights into developing a more confident and informed approach to money. Key Topics Discussed in This Episode Building financial independence: How creating and following a financial plan can help individuals take greater control of their financial future.Investing while paying off debt: Considerations for balancing debt repayment with long-term investing and the potential benefits of compounding.Getting started with small amounts: How low-cost brokerage accounts have made investing more accessible to beginners.Understanding different investing strategies: The differences between long-term buy-and-hold investing, swing trading, and day trading.Learning technical chart analysis: How traders use price patterns and technical indicators to identify potential trading opportunities.Managing day trading risks: The importance of stop orders, position sizing, trading discipline, and protecting investment capital.Developing a trading routine: Why identifying specific trading opportunities, choosing trading times, and actively monitoring positions matter.Understanding brokerage accounts: The role of cash accounts, trading requirements, and commission-free brokerage services.Improving money management: How budgeting, financial planning, and money mindset contribute to long-term financial wellness.Building financial confidence: Why education, preparation, and consistent financial habits are essential to making informed decisions.Connect With Erin Thompson Learn more about Erin's financial education programs, day trading classes, and coaching services. Website: https://invitemoneyintoyourlife.com/ Instagram: https://www.instagram.com/invitemoneywitherin/ Facebook: https://www.facebook.com/InviteMoneyIntoYourLife/ About the Really Simple Investing Podcast The Really Simple Investing Podcast, hosted by Floyd Saunders, helps listeners better understand investing, personal finance, and wealth-building strategies. Through practical financial education and conversations with knowledgeable guests, the podcast explores ways to make informed financial decisions, develop stronger money management habits, and work toward long-term financial independence. Visit ReallySimpleInvesting.com for more investing education, articles, books, and resources designed to make investing easier to understand. Enjoyed this episode? Follow the Really Simple Investing Podcast on Apple Podcasts, share this conversation with someone interested in improving their financial future, and explore additional episodes covering investing and personal wealth building. Important Disclaimer This podcast is provided for educational and informational purposes only and does not constitute personalized financial or investment advice. Day trading involves substantial financial risk and may result in significant losses. Trading with a small account does not eliminate these risks. Listeners are encouraged to evaluate their financial circumstances, understand applicable brokerage requirements, and conduct their own research before making investment decisions. Chapters   00:00 Introduction and Background 02:08 Helping Clients with Debt and Investing 04:11 Investing with Small Amounts of Money 06:03 Technical Investing and Risk Management 09:29 Identifying Patterns for Day Trading 12:52 Timing and Strategies for Day Trading 15:27 Selecting Stocks for Day Trading 20:00 Classes and Coaching for Day Trading 21:20 Money Mindset and Budgeting 23:20 Risk Management and Discipline 25:05 Starting Small and Long-Term Investing 27:48 Comprehensive Approach to Financial Success 28:56 Conclusion and Contact Information     Learn how to make investing simple for anyone and get on a path toward wealth.

  2. 07/18/2023

    Alexandra Dotcheva: Building Financial Independence Through Rental Property Investing

    Can investing in rental properties provide enough income to achieve financial independence? What does it take to build a successful real estate portfolio while pursuing an entirely different career? In this episode of the Really Simple Investing Podcast, Floyd Saunders welcomes Alexandra Dotcheva, a former concert violinist turned nurse, real estate investor, author, and self-confidence coach. Alexandra shares her remarkable journey from performing classical music in Bulgaria to building financial independence through rental property investing in the United States. Alexandra's professional journey began in music, where she earned a Doctor of Arts degree in violin performance. After recognizing the challenges of building a sustainable career as a professional musician, she made a significant career change, entering nursing while developing an interest in real estate investing. Her real estate journey began with the purchase of a fourplex in Phoenix, Arizona. Through careful property selection, renovations, hands-on management, and a commitment to providing affordable rental housing, Alexandra began building a portfolio of income-producing properties. Rather than focusing on buying, renovating, and quickly reselling properties, Alexandra adopted a long-term buy-and-hold investment strategy. Her goal was to generate consistent rental income, build equity, and develop a reliable source of cash flow. Over time, rental property income helped Alexandra achieve financial independence by generating enough cash flow to cover her living expenses. She also shares how she and her partner paid off their home mortgage in just five years. During our conversation, Alexandra explains the importance of assembling a reliable team of professionals, understanding the responsibilities of property ownership, and remaining actively involved in managing rental properties. Her experience demonstrates how planning, persistence, and disciplined financial decisions can contribute to long-term wealth building. Beyond real estate investing, Alexandra discusses her book, It Really Is Simple: A Holistic Approach to Self-Confidence — A Practical Guide. The book explores how confidence, personal responsibility, and intentional decision-making can improve several areas of life, including financial management, health, relationships, and personal development. Alexandra believes that financial success is connected to a broader sense of personal confidence and well-being. Her coaching approach encourages individuals to identify their goals, overcome limiting beliefs, and take practical steps toward greater personal and financial independence. As Alexandra explains: "As a coach, I firmly believe that anyone can succeed in investing. It's all about understanding your individual needs, setting goals, and working diligently to become holistically successful. You can be an investor, irrespective of your background." — Alexandra Dotcheva Whether you are considering your first rental property, interested in building passive income, or looking for ways to strengthen your financial confidence, this episode offers valuable insights from someone who has successfully navigated several major career and financial transitions. Key Topics Discussed in This Episode From music to financial independence: How Alexandra transitioned from a career as a concert violinist to nursing and real estate investing.Getting started in rental property investing: Lessons from purchasing and renovating her first fourplex in Phoenix, Arizona.Building wealth through rental income: How a long-term buy-and-hold strategy can generate cash flow and build property equity.Creating a reliable real estate team: Why investors benefit from working with dependable contractors, financial professionals, and other service providers.Managing rental properties directly: The responsibilities, advantages, and challenges of hands-on property management.Providing affordable rental housing: How Alexandra incorporates housing affordability into her investment approach.Achieving financial independence: How rental property cash flow helped cover living expenses and contributed to her financial security.Eliminating mortgage debt: How Alexandra and her partner paid off their home mortgage in five years.Developing financial self-confidence: Why confidence, education, and consistent decision-making are important to investing success.Taking a holistic approach to success: How financial stability, health, personal relationships, and emotional well-being contribute to a fulfilling life.About the Guest: Alexandra Dotcheva Alexandra Dotcheva is a real estate investor, registered nurse, author, and self-confidence coach. Originally from Bulgaria, she earned a Doctor of Arts degree in violin performance before transitioning from professional music into nursing and real estate investing. Through long-term rental property ownership and active property management, Alexandra has built a portfolio designed to provide ongoing cash flow and financial independence. She is also the author of It Really Is Simple: A Holistic Approach to Self-Confidence — A Practical Guide, which explores the connection between self-confidence, financial decision-making, personal health, and overall well-being. Through her Holistic Self-Confidence Method, Alexandra helps individuals develop greater confidence, establish meaningful goals, and take responsibility for improving their personal and financial lives. Connect With Alexandra Dotcheva Learn more about Alexandra's book, coaching programs, and approach to personal and financial development. Website: https://www.holisticselfconfidence.com About Alexandra: https://www.holisticselfconfidence.com/about Book: It Really Is Simple: A Holistic Approach to Self-Confidence Amazon: https://amzn.to/3rnUptF Facebook: https://www.facebook.com/HolisticSelfConfidenceMethod YouTube: https://www.youtube.com/@alexandradotcheva LinkedIn: https://www.linkedin.com/in/alexandra-dotcheva/ X: https://twitter.com/HolisticSelfCo1 About the Really Simple Investing Podcast The Really Simple Investing Podcast, hosted by Floyd Saunders, helps listeners better understand investing, personal finance, and wealth-building strategies. Through practical financial education and conversations with knowledgeable guests, the podcast explores ways to make informed financial decisions, develop stronger money management habits, and work toward long-term financial independence. Visit ReallySimpleInvesting.com for investing education, articles, books, and resources designed to make investing easier to understand. Enjoyed this episode? Follow the Really Simple Investing Podcast on Apple Podcasts, share this conversation with someone interested in real estate investing or financial independence, and explore additional episodes about investing and personal wealth building. Important Disclaimer This podcast is provided for educational and informational purposes only and does not constitute personalized financial, investment, tax, or legal advice. Real estate investing involves financial risks, including property vacancies, unexpected maintenance expenses, financing costs, and changes in property values. Investment results vary, and past success does not guarantee future performance. Listeners are encouraged to conduct independent research and consult qualified professionals before making investment decisions. Chapters1.    | **Timestamp** | **Summary** |   2.    | 0:00:11 | Introduction to the Really Simple Investing Podcast | 3.    | 0:01:00 | Alexandra's background in music and decision to pursue nursing | 4.    | 0:03:05 | Alexandra's entry into real estate investing | 5.    | 0:04:44 | Managing and renovating properties | 6.    | 0:06:09 | Cash flow and investing in single-family properties | 7.    | 0:07:06 | Criteria for purchasing more properties | 8.    | 0:08:21 | Real estate market conditions and investing for cash flow | 9.    | 0:09:50 | Self-made millionaires investing in real estate and index funds | 10. | 0:10:23 | Option trading and managing risk | 11. | 0:12:01 | Overview of Alexandra's book on self-confidence and holistic approach |   Learn how to make investing simple for anyone and get on a path toward wealth.

  3. 07/11/2023

    Winning Strategies for Real Estate Investing And Why You Need Asset Protection

    In this podcast we talk with Scott Smith, a real estate investor and asset protection attorney. Scott shares his journey into the legal field and how he got involved in real estate investing.  He explains how he started investing in real estate while working as an attorney and eventually transitioned to full-time investing.  Scott Smith, with his background in law, realized the importance of asset protection while practicing as an attorney. He started investing in real estate to pay off his law school debts and found success in commercial properties. His goal wasn't just to become wealthy, but to achieve financial freedom that would allow him to pursue his passions, like mountain climbing and traveling. Scott’s investment strategy, includes investing in commercial properties and syndications. Scott advises investors to focus on mastering one investment strategy before diversifying and to be cautious during market cycles.  Scott explains his initial focus on commercial properties and 1-to-4 rental unit buildings, and how his strategy evolved over time to primarily investing in syndication properties. He emphasizes the need to find experts in specific asset classes and diversify one's portfolio.  As Scott progressed, he shifted towards investing in syndication properties. He emphasizes the need to stay focused and master one lane of investing before branching out. Instead of syndicating his own deals, he works with syndication attorneys in his firm to help others structure their deals. By investing as a limited partner in specific asset like self-storage or gas stations, Scott diversifies his portfolio without the need for hands-on management. One key takeaway from the episode is the importance of finding experts to invest in and the criteria for selecting them. Scott compares it to making a good hire as a business owner, highlighting the need for experience and a proven track record. Avoiding incorrect choices in investments not only prevents financial losses but also reduces high attrition rates. When it comes to investing in syndication deals, Scott sheds light on the minimum cash amounts required. While he has seen syndications with minimum buy-ins around $50,000, he cautions against operators who are willing to accept less. Accepting lower amounts may indicate desperation on the operator's part, potentially leading to complications and challenges down the road. Why Asset Protection Is Important Asset protection, is a crucial aspect of maintaining and safeguarding wealth. Scott shares a personal story about a friend who lost $3 million in a lawsuit despite having insurance. This experience opened his eyes to the need for asset protection. He emphasizes that asset protection isn't limited to real estate deals but extends to partnerships, brokerage accounts, cash, and other assets. Scott provides insights into retirement plans like IRAs and 401(k)s, explaining that while they offer some protection, they can still be vulnerable to lawsuits related to specific assets held within them. Scott also highlights the importance of estate planning and passing on wealth to future generations. LinkedIn: https://www.linkedin.com/in/scott-royal-smith/ Twitter: https://twitter.com/royal_legal_law Facebook: https://www.facebook.com/ScottRoyalSmithRLS Instagram: https://www.instagram.com/royal.legal.solutions/ Website: https://royallegalsolutions.com/ YouTube: https://www.youtube.com/c/RoyalLegalSolutions Learn how to make investing simple for anyone and get on a path toward wealth.

  4. 06/23/2023

    The Uncertainty Solution: Challenging Traditional Ideas About Investing

    Follow John Jennings on Twitter at: @bigdogtwo and on Linkedin at: https://www.linkedin.com/in/johnmjennings/ and at his website: https://shorturl.at/fHMZ8 In this episode of The Really Simple Investing Podcast, host Floyd Saunders interviews John Jennings, the president of a $15 billion wealth management firm in St. Louis and an adjunct professor at Washington University's Owen Business School. John holds both a finance and a law degree from the University of Missouri.  Overview John discusses his book, The Uncertainty Solution, which turns the ideas of investing upside down and challenges the traditional notion of needing certainty in investing. He explains why humans have a quest for certainty and how it relates to investing. The conversation also covers the average retail investor's behavior during a rising market and a market correction, and the alternative approach to investing. Are you tired of trying to predict the future of the stock market?  John Jennings, author of "The Uncertainty Solution," discusses the human need for certainty in investing and the mental models that can help investors focus on what they can control.  Jennings challenges the traditional idea that the stock market is the economy and emphasizes the importance of good investment behavior, such as disciplined rebalancing and index investing.  Jennings uses mental models to create a latticework of wisdom that will help you evaluate investment advice and learn better behavior in the face of uncertainty. To name a few: ignore expert predictions, be wary of stories, and try to invest like a dead person. Jennings also discussed the importance of having a disciplined approach to rebalancing investments, especially during times of market volatility. He emphasized the benefits of index investing and passive investing, citing Warren Buffett's famous quote that the average retail investor should invest in the S&P 500 index fund. If you're a starting investor, Jennings recommends focusing on good investment behavior, such as choosing inactivity as the default and rebalancing the portfolio once a year. Investing may be uncertain, but with the right mental models and strategies, you can build a solid financial foundation for your future. Tune in to learn how to take a more disciplined approach to investing and avoid the pitfalls of trying to predict the future. You can reach John at  John at jjennings@stlouistrust.com. Chapter Summary ·       Introduction of John Jennings (0:00:05) ·       Overview of The Uncertainty Solution (0:01:29) ·       Humans' quest for certainty (0:02:50) ·       Short-term thinking and market gyrations (0:04:02) ·       The need for cognitive closure (0:05:14) ·       Seizing and freezing behavior (0:06:01) ·       Example of cognitive closure during COVID-19 (0:07:21) ·       Investing during market uncertainty (0:08:09) ·       Stock market is not the economy (0:10:23) ·       Investment experts' inability to predict the future (0:11:29)  ·      The stock market foreshadows what's going to happen in the economy (0:11:59) ·       The solution is to accept uncertainty and focus on what can be controlled (0:13:20) ·       Beware of experts and predictions (0:13:58) ·       Mental models for better investing decisions (0:15:18) ·       Choose inactivity over activity (0:18:06) ·       The negative impact of overconfidence on investment Learn how to make investing simple for anyone and get on a path toward wealth.

  5. 06/16/2023

    Ten Keys to Making It In Life, From a Successful Stock Trader

    In this episode of the Really Simple Investing Podcast, Anmol Singh talks about his background in trading, the products he likes to trade, his approach to trading, and his book, "Prepping for Success: Ten Keys for Making It in Life". He also discusses the three different styles of trading he uses - day trading, swing trading, and long-term investing. Anmol Singh is the author of "Prepping for Success: Ten Keys for Making It in Life" and has been in the trading industry for 13 years. He started trading at 18 years old and has been trading US stocks and options on them, primarily based on technical chart patterns. Anmol Singh, is the founder of Live Traders, and divides his trading into day trading, swing trading, and his investment account.  In the interview, Singh emphasizes the importance of learning, research, and finding the right mentors to become a successful trader. He distilled everything he's learned over his career into ten fundamental keys for making it in life, which he shares in his book, Prepping for Success. The book has a call to action in each chapter, and Singh believes that if readers apply those calls to action, they will see results. The most critical key to success, according to Singh, is integrity, meaning doing what you say you're going to do when you said you're going to do it. Singh also emphasizes the importance of taking action and not getting stuck in a learning loop, being a lifelong learner, and surrounding oneself with people who already have the desired results and paying them to get close to them.  Singh's Live Traders company offers a live trading chat room where he trades live every single day. He also offers courses, seminars, mentorship programs, and coaching groups for people who want to go further and get started in the stock market. Singh recommends that traders should not follow what he does but rather learn from his actions. He suggests starting with his free two or three-hour video course and hundreds of hours of free trading lectures on his YouTube channel.  Singh uses fundamental analysis to determine which companies he believes in for his investment portfolio. He uses two questions to make investment decisions: is the company going to be more relevant or less relevant in the next five years, and are more people going to be using it or fewer people going to be using it in the next five years? He believes that Tesla will be more relevant in the next five years due to their full-service driving capabilities, solar panels, and new products like the optimists and cyber truck.  Singh also places covered call options on some of his long-term stocks, like Tesla, Costco, and BlackRock, to increase income. Singh recommends swing trading as an easier style for people who have no desire to be a day trader. Singh's model has beaten the market for the last five years in a row by a good margin, even during last year's market downturn. Singh believes that mindset is half the battle in making money, and his book and resources aim to help traders develop the right mindset. Timestamped Chapter Summary Anmol's background and how he got started in trading (0:01:02)The products Anmol likes to trade and his approach to trading (0:02:07)Anmol's three different styles of trading - day trading, swing trading, and long-term investing (0:03:05)The stocks Anmol holds in his long-term investment account (0:03:48)Reinvesting dividends to get shares to grow (0:04:33)Anmol's approach to technical trading and indicators (0:04:39)How Anmol uses technicals to determine market bias (0:05:08)The role of human emotions in technical trading (0:06:45)Why news doesn't factor into a trader's dLearn how to make investing simple for anyone and get on a path toward wealth.

  6. 06/09/2023

    The Most Important Things You Need to Know About Building Wealth and Financial Stability

    In this podcast episode, I talk with Matt Paradise, author of "Financially Capable: A Friendly Guide to Building Whole Health Wealth" about the most important things you need to know about building a mindset for wealth.  Paradise shares his background and work in financial literacy education, emphasizing the importance of budgeting and financial accessibility. He has earned multiple licenses and certifications in the financial education field, including the Association for Financial Counseling & Planning Education (AFCPE©) Accredited Credit Counselor, Certified Educator in Personal Finance (CEPF©), and Certified Identity Theft Risk Management Specialist (CITRMS©).  Matt helped establish credit counseling and financial education departments with American Consumer Credit Counseling, which grew to support approximately 140 employees with an annual revenue in excess of $14 million. He is now an active board member leading the organization to greater growth. A man of great faith, Matt has volunteered with multiple nonprofit boards.  Are you tired of living paycheck to paycheck and feeling financially stressed? Then listening in on this interview with Matt Paradise, author of "Financially Capable: A Friendly Guide to Building Whole Health Wealth" and an expert in financial literacy education may help.   According to Matt, “73% of the people in the country feel an incredible amount of stress, right. Primarily because of their finances.” As Matt says, "Personal finance is a personal matter." Let's take control of our finances and live a rich life in all aspects.” Matt shares his personal story of how he got into the field of financial education and his passion for helping people get out of credit card debt and build a solid financial future. He also discusses the importance of budgeting and financial accessibility, especially in underserved communities. Matt shared his non-linear journey into the field, helping people get out of credit card debt and bring financial literacy to underserved communities. He was instrumental in establishing the Massachusetts Financial Education Collaborative, which created standards for financial literacy education in K-12 schools. In the interview he discusses the psychology of money, the importance of knowledge and education when building wealth, and the role of credit and debt management. Paradise's book provides strategies for building wealth and living a whole health wealth life, and he offers free resources on his website to promote accessible financial literacy. Matt emphasized the importance of budgeting and financial accessibility, acknowledging that personal finance is not accessible to everyone, especially when considering race breakdowns in the United States. Matt defines a rich life as one that includes physical, spiritual, and mental well-being, in addition to financial stability.  Matt also provided strategies for building wealth emphasizing the importance of knowledge and education. 📚His book, "Financially Capable", is available on Amazon in e-book, paperback, and hardcover formats, and he offers free resources on his website. Let's celebrate financial literacy and building a better financial future for ourselves! We dive into the psychology of money and why some individuals may struggle with managing their finances while others do not. Matt emphasizes the importance of knowledge and education when it comes to building wealth and living a whole health wealth life. We also touch on the topic of credit and debt management, with Matt providing valuable insights on how to build a good credit score and avoid debt. When it comes to investing, Matt has some key points from behavioral finance to make:   “And investing being part of that is that balance of our presence, self, versus future se Learn how to make investing simple for anyone and get on a path toward wealth.

  7. 06/02/2023

    Building Wealth and Managing Money: Lessons from Millionaire Coach Kim Graham

    Building Wealth and Managing Money: Lessons from The Millionaire Coach Links you want to use: Facebook:  https://www.facebook.com/kimgrahamfinancialcoach/ Instagram: Instagram@kgmillionairecoach  https://redcircle.com/shows/the-affluent-marriage-podcast Are you tired of living paycheck to paycheck and struggling to make ends meet? Do you want to build wealth and achieve financial freedom? If so, you need to listen to millionaire coach Kim Graham's story on the Really Simple Investing podcast. In this episode of the Really Simple Investing podcast, we talk with Kim Graham, a millionaire coach who helps people manage their money and become millionaires. Kim shares her journey to becoming a millionaire coach, including how she and her husband paid off $76,000 of student loan debt in just 28 months.  Kim and her husband were both educators and had a significant amount of student loan debt when they got married. However, they were determined to achieve financial freedom and started following the Dave Ramsey program, taking extra jobs, and making sacrifices to pay off their debt in just 28 months.  They then turned to investing, bought a house, and paid it off in only six years. Kim's success inspired her to teach others how to manage their money and build wealth. Kim discusses how she got into direct sales and recognized the broken understanding of money management in both personal and business finances. She discovered her superpower in helping people with their money mindset and day-to-day finances, which led her to start her coaching business. Kim markets her business through Instagram and Facebook, and clients come to her to learn how to manage their money, get out of debt, understand investing, and start building wealth. Kim works with clients one-on-one, tailoring her coaching to their unique learning styles and business needs. She emphasizes the importance of discipline in building wealth and understanding the power of compounding returns through investing. Kim also partners with Marissa Greco Real, a financial planner, to create a program to help women concerned about getting better at managing money a way to connect and share their experiences. Together, they help clients with both the day-to-day finances and investing. Marissa was also an early guest on the Really Simple Investing podcast. You can find out more about her and her book by listening to that podcast.  Kim discusses the issue of lifestyle creep, where people start spending more money as they earn more. She emphasizes the importance of analyzing one's lifestyle and prioritizing what is truly important in order to avoid creating a prison of habits. Kim believes that coaching is necessary for accountability and discipline, as simply reading books and knowing what to do is often not enough. Kim also talks about the importance of having a financial advisor who is willing to educate and teach their clients about managing their money. She explains that many financial advisors simply want to manage their clients' money without providing any education or guidance. However, Kim believes that her clients, especially female entrepreneurs, want to understand where their money is going and how to make the best returns. Kim's success inspired her to help others manage their money and build wealth. She started her coaching business and works with clients one-on-one to create personalized routines and teach them about investing. She also partners with advisors who have a heart for education and believe in teaching their clients about managing their money. Kim now teaches others how to manage their money and build wealth through her coaching business. Learn how to make investing simple for anyone and get on a path toward wealth.

  8. 05/26/2023

    A More Disciplined Approach to Investing in Cryptocurrency with Kathy Vu

    Contacdt Kathy At: https://www.simplebitcoinplan.com Are you interested in investing in cryptocurrency but unsure about where to start? Kathy Vu, is a mother of four who invested in bitcoin and cryptocurrency and created a newsletter called the Bitcoin Newsletter.  In this episode Kathy shares her background and how she got into investing in cryptocurrency, her disciplined approach to investing, and her insights on the cycles of cryptocurrency and how to follow trends in the market.  Her newsletter, which provides tips and advice on how to accumulate cryptocurrency at better prices, and emphasizes the importance of discipline and patience when investing in cryptocurrency. The episode provides a helpful introduction to cryptocurrency investing and highlights the potential benefits of including it in a diversified portfolio. Kathy shares her experience investing in cryptocurrency, her disciplined approach to investing, and her insights on how to follow trends in the market. Kathy explains that like many investors, she was advised to invest in the stock market after graduating high school. However, her investments suffered during the dot-com bubble and the financial crisis, leaving her worried about her retirement and future. She tried other investment options such as real estate and precious metals, but they didn't work out for her. Eventually, she turned to cryptocurrency, starting with bitcoin in 2017. Kathy talks about  the cycles of cryptocurrency and how bitcoin, with its extensive history, is easier to follow than other cryptocurrencies. We also talk about the importance of following trends and trend lines in the market. Kathy's newsletter provides a broad overview of what's going on in the cryptocurrency space, tips, and advice on how to accumulate cryptocurrency at better prices. When the price of Bitcoin rises, Kathy recommends taking some profits off the table and investing in a stable coin, which is pegged to a more stable asset like the US dollar or gold. This helps to maintain the value of the investment during volatile market conditions. She suggests using stable coins like USD Coin (USDC), Paxos (PAX), or Dai (DAI).  Kathy's  keeps focuses on a long-term investment strategy, recommending buying bitcoin when the price is lower and accumulating more over time.   Overall, Kathy emphasizes the importance of discipline and patience when investing in cryptocurrency, and suggests being aware of the cycles of cryptocurrency and how to time investments in the market.  If you're interested in learning more about investing in cryptocurrency, check out Kathy's newsletter at SimpleBitcoinPlan.com. As Kathy says, "Bitcoin is a valuable asset to hold in a portfolio. It's more secure, faster, and cheaper than traditional currencies, and its global growth over the past decade is a testament to its value." Affiliate Links:  (If you click on these links I may earn a small commission to help pay for the podcast. You can use Podsqueeze to automatically generate content like the transcript, show notes, social media content and more. This podcast is produced using RiversideFM.  Schedule your guests.  Record both audio and video files, edit your content and then down load clips and full files.  Learn how to make investing simple for anyone and get on a path toward wealth.

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The Really Simple Investing Podcast helps you build long-term wealth through clear, practical investing strategies from the founder of Really Simple Investing and expert guests. Each episode breaks down how to grow your money to build your wealth steadily using proven approaches like dividend-paying stocks, index funds, income-producing real estate, buying strong cash flow businesses, generating passive income and smart portfolio design. You’ll learn how to invest with confidence, manage risk, and stay focused on proved strategies that work over time.  This podcast is designed for everyday investors who want simple systems for building financial security and independence. Whether you’re just getting started or refining your long-term plan, you’ll gain straightforward guidance on:  •  Creating reliable income streams  •  Building diversified portfolios •  Using dividends and compounding effectively •  Avoiding common investing mistakes •  Building wealth with consistency and discipline The goal is simple guidance — helping you make smart investing decisions that compound for years to come. The Really Simple Investing Podcast is your weekly guide to building wealth in really simple ways. These ideas are the same approaches many self-made millionaires use and you can too.

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