2531: The Seven Deadly Sins of Investing by J Money of Budgets Are Sexy on Investment Strategies

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 26 November 2023

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2531: J. Money of BudgetsAreSexy.com humorously dissects the common pitfalls investors face, candidly reflecting on his own experiences with the "Seven Deadly Sins of Investing." He highlights the importance of simple, informed investing strategies over complex, fee-heavy approaches and emphasizes learning from mistakes to achieve financial success. Read along with the original article(s) here: https://www.budgetsaresexy.com/7-deadly-sins-investing/ Quotes to ponder: "I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will." "Rule number one: Never lose money. Rule number two: Don’t forget rule number one." Episode references: The Simple Path to Wealth by JL Collins: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926 Risk Parity Radio: https://www.riskparityradio.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:00.9	This is optimal finance daily episode 2531.
1:04.0	The Seven Deadly Sins of Investing
1:07.0	by J Money of Budgets are sexy.com
1:10.0	and I'm your host and personal finance enthusiasts Diana Meriam.
1:15.0	Welcome back to Optimal Finance Daily, where every day I share some of the best
1:19.4	personal finance blogs on the web in about 10 minutes or less.
1:23.4	So with that, let's get right to it
	...

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