Welcome to the “Investing for Beginners” podcast, where we dive deep into the world of investing. In this episode, Dave and Andrew discuss the crucial aspect of knowing your “why” when it comes to investing. They emphasize the importance of understanding your motivations and goals before diving into the stock market. The hosts share their personal experiences and provide practical tips for listeners to define their own “why.” From setting a commitment to investing to the power of compound interest, they unpack the fundamental steps for creating a strong foundation in investing. Join us as we explore the significance of having a clear vision and purpose in your investment journey.
00:00 Approach stock trading based on your goals.
04:12 Importance of having a plan and motivation.
08:00 Manage risk, choose real estate or stocks.
10:15 Diverse ways to grow wealth and invest.
15:44 Inspiring people to achieve financial freedom.
19:09 Share with close ones to be accountable.
20:04 Start with $50, grow over time.
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You can find the transcript of today’s show below:
