131: Investing Made Simple with Kevin Matthews II

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 29 June 2020

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

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Summary

Kevin Matthews II started paying attention to finance way back in 6th grade - because his parents said they wouldn’t buy him any more video games, he’d have to buy them himself. Kevin’s parents telling him no propelled him into a lifelong planner - saving up for purchases rather than buying and figuring out how to pay it off later. And he parlayed his planning skills into a career as a financial advisor, eventually being named one of Investopedia’s Top 100 Advisors in 2017. Kevin is passionate about teaching people - specifically millennials - how to manage their money. In fact, he’s SO passionate about teaching people how to alter their financial lives, he almost missed the birth of his first child in order to make a video about how $2,000 can turn your kids into millionaires! (Spoiler: He made it back to the room in time.) Kevin wants you to know how to invest, how to manage your money so that you can further yourself down the path to Financial Independence. Kevin has an excellent video called Three ways to get started investing that discusses three ways we’ve never heard of! Kevin credits consistency in investing with his client’s financial successes. He also believes that patience is the number one thing investors need - a point that’s been hit home so clearly in the past few months - and that a lack of patience is the biggest mistake investors are making today. Kevin also shares tips for teaching your children about investing to get them used to seeing ups and downs, so they don’t lose their patience when they start investing with real dollars. In This Episode We Cover: Kevin's financial journey How he's saving his lunch money Becoming a financial planner Individual stocks vs. index funds When he discovered and committed to financial freedom Mistakes that he sees new investors make What his end-goal looks like How $2,000 can make your kids millionaires 3 ways to get started investing And SO much more! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Money Podcast 129 with Tiffany Aliche BiggerPockets Money Podcast 110 with A Purple Life BiggerPockets Money Podcast 97 with Financial Mechanic BiggerPockets Money Podcast 119 BiggerPockets Money Podcast 41 with Kyle Mast BiggerPockets Money Podcast 84 with Kyle Mast BiggerPockets Money Podcast 118 with Kyle Mast BiggerPockets Money Podcast 24 with Erin Lowry BiggerPockets Money Podcast 81 with Erin Lowry How $2,000 can turn your kids into millionaires Three ways to get started investing Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Bigger Pocket's Money Podcast, show number 131, where we interview Kevin Matthews
0:05.4	the second from Building Bread.com and hear his story of financial success starting in sixth grade.
0:16.0	That nothing, absolutely nothing happens overnight. Take things piece by piece and stay in your lane.
0:19.0	Like find out emotionally, financially, what your lane is and stick to it and don't try to compare
0:25.9	yourself to other people and try and put yourself up against what you think you should be.
0:30.3	Just stay in your lane, stay focused, and know that nothing's going to happen overnight.
0:33.0	Hello, hello, hello, my name is Mindy Jensen and with me as always is my gleaming, beaming co-host
0:38.9	Scott Trunch. You are just a shining example of how to really bring an energetic intro to the show, Mindy. Thank you.
0:47.2	Scott and I are here to make financial independence less scary, less just for somebody else,
0:52.4	and show you that by following the proven steps, you can put yourself on the road to early financial freedom and get money out of the way so you can leave your best life.
1:01.0	That's right, whether you want to retire early and travel the world,
1:03.6	go on to make big-time investments in assets like real estate, start your own
1:07.2	business, or just learn how to buy your first fractional share of a stock. We'll
1:11.5	help you build a position capable of launching yourself
1:14.3	towards those dreams. Scott I am super pumped to have Kevin on the show today. Today we don't normally talk
1:26.1	about stock picking and we don't normally talk about anything other than index
1:31.1	funds and real estate as investment strategies on this show,
1:35.2	but Kevin has some pretty great tips for starting off when you want to learn how to invest.
1:42.3	And he's not against stock picking as long as you're doing it from a
1:46.1	position of knowledge a position of research and understanding what you're investing in.
1:52.4	Yeah you know I have a lot of respect for his approach, you know, he's obviously had what we're going to start off with his childhood and how he got familiar with building wealth in general, some great lessons from his parents involving video games in my dad.
2:04.8	And I think that his exposure to millionaires early in his career really I think helped guide
	...

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