1184: [Part 1] How to Invest Money in 5 Easy Steps by Lars Lofgren with I Will Teach You To Be Rich on Investing Strategy

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Business, Education, Investing, Self-improvement

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🗓️ 6 June 2020

⏱️ 9 minutes

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Summary

Lars Lofgren with I Will Teach You to be Rich shares how to invest money in 5 easy steps. This is part 1 of 2. Episode 1184: [Part 1] How to Invest Money in 5 Easy Steps by Lars Lofgren with I Will Teach You To Be Rich on Investing Strategy Ramit wants to use money to say YES. He knew there was a better way to live a rich life—if we could use psychology to focus on what actually works. Not just for personal finance, but all aspects of life: money, careers, relationships, business, fitness, and more. Since then, he's been testing and sharing his findings with the world via I Will Teach You To Be Rich. He's also written a New York Times bestselling book, been profiled in a 6-page Fortune article, and been pictured next to Warren Buffett in Forbes Magazine, as well as been featured by a long list of media, including the Wall Street Journal, ABC News, NPR, Fox Business, PBS, CNBC, and more. He also has tons of documented success stories—more than 20,000. The original post is located here: https://www.iwillteachyoutoberich.com/blog/how-to-invest-money/ Visit Me Online at OLDPodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is optimal finance daily episode 1184 how to invest money in five easy steps part one by
0:07.6	Lars Lofgren with I will teach you to be rich.com and I'm Dan I'm your host and this is where I read to you from some of the best blogs on personal finance.
0:17.0	Every single day I'm here doing just that and that includes weekends and holidays and we actually have five shows covering different topics so you can search for
0:24.7	optimal living daily wherever you're hearing this to find all five of our podcasts.
0:29.7	For now let's get right to it as we start optimizing your life.
0:34.0	How to invest money in five easy steps, part one.
0:41.0	By Lars Lofgren with I Will Teach You to Be Rich.com
0:45.0	Investing is the best way to build wealth.
0:47.5	Ask anyone living a rich life how they got there and they'll say investing.
0:51.5	I used to think investing was intimidating and scary.
0:54.1	It actually turned out to be a lot easier than I thought. You don't need huge
0:58.1	sums of cash or inside information about what stocks to pick. You don't need to
1:02.3	time the market or pick the right stocks and get a hot IPO.
1:06.0	All you need is to set up an automated system and stick to your plan for the long term.
1:10.0	You'll have an incredible retirement and set up a passive income stream along the way.
1:15.0	There is some nuance depending on age, income, debt, goals, and risk tolerance.
1:20.0	I'll go through all of it.
1:21.0	Regardless of your situation, though, you can start investing money in just five easy steps.
1:26.0	One, understand your options and available investments.
1:30.0	Investing can be super complicated. We're going to avoid all the crazy stuff.
1:35.0	Don't feel like you need to memorize everything I'm about to cover.
1:38.0	I'm going to go over the core types of investments so you have a feel for the landscape.
	...

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