4.8 • 872 Ratings
🗓️ 9 December 2019
⏱️ 35 minutes
🧾️ Download transcript
David Stein, podcast host and author of the podcast/book titled, "Money for the Rest of Us" joins us for today's interview. We discuss David's background as an institutional investor and money manager, his asset allocation, and his thoughts on what return one should plan for in the future. He also shares advice on cash flow, portfolio allocation, real estate, and risk. Check out his new book at https://amzn.to/341qLt4 and his website at https://moneyfortherestofus.com/.
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0:00.0 | We should be focusing on foremost investments that generate cash flow. I mean that that is the driver returns. It's the income from bonds. It's a dividends from stocks. It's the rent from real estate investment trust and that works into a dividend. |
0:14.4 | I mean that is the key to investing. It's the cash flow and then how that cash flow grows over time |
0:20.3 | and those are the things that are most predictable. |
0:22.3 | You're listening to the millionaire. time and those are the things that are most predictable. |
0:23.0 | You're listening to the Millionaires Unvealed Podcast, |
0:26.0 | where you'll hear the stories and interviews of everyday millionaires. |
0:31.0 | We'll unveil their decisions, their strategies, and their |
0:35.8 | current portfolio allocation. Now to your hosts, Clark Sheffield and |
0:41.1 | Jace Mattson. Okay, welcome back to another episode of the Millionaires Unvealed Podcast. |
0:47.0 | Thanks for tuning in. |
0:48.0 | This is episode number 111, 11. |
0:51.0 | Jace, what's going on man? |
0:52.0 | How are you? Doing great man, how you doing? Good, 111. 1, 1. 1. |
0:53.0 | You doing great, man. |
0:54.0 | How you doing? |
0:55.0 | Good, good. |
0:56.0 | We talked a little bit about the show and kind of what we want to talk about in this opening segment |
0:58.4 | is required minimum distributions from traditional 401k's, right? Recently, we had a couple episodes and a couple |
1:04.8 | millionaires that we've been talking to the one that stands out is is episode |
1:08.0 | number 99 with Diane where she had a lot in her traditional 401k, right? |
1:13.6 | And she was reaching the age where she's going to have to take required minimum |
1:16.5 | distributions and that was in her situation, I think in others, |
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