2981: What It Means To Be A Passive Investor by Kiersten Saunders of Rich And Regular on Investment Advice

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 24 December 2024

⏱️ 8 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 2981: Kiersten Saunders shares her perspective on embracing passive investing as a deliberate choice rooted in simplicity, lower costs, and long-term growth. By prioritizing buy-and-hold strategies for real estate and index funds for stocks, she highlights the benefits of transparency, reduced tax burdens, and financial freedom. Her reflections challenge the cultural emphasis on overworking, advocating instead for trust in time and patience to achieve lasting financial independence. Read along with the original article(s) here: https://richandregular.com/what-it-means-to-be-a-passive-investor/ Quotes to ponder: "Passive isn’t a lack of effort, it’s a choice to direct your energy toward what matters most." "I had to learn the difference between confidence and competence." "If I perceive time as something to be feared, everything that requires it will be seen as a problem." Episode references: EconoMe Conference: https://economeconference.com The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Is crypto perfect?
0:01.9	Nope.
0:02.7	But neither was email when it was invented in 1972.
0:06.0	And yet today, we send 347 billion emails every single day.
0:12.1	Crypto is no different.
0:13.5	It's new.
0:14.2	But like email, it's also revolutionary.
0:17.6	With Crackin, it's easy to start your crypto journey with 24-7 support when you need it.
0:22.6	Go to crackin.com and see what crypto can be. Don't invest unless you're prepared to lose all the money
0:26.8	you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
0:30.7	This is Optimal Finance Daily, what it means to be a passive investor by Kirsten Saunders of
0:36.8	rich and regular.com.
0:39.0	You ever notice that nobody calls you passive as a compliment? It's usually more of an
0:44.5	accusation, like you're so passive. Passive is one of those descriptors that makes you feel
0:50.3	lesser than. You're less powerful, less authoritative, less in control if you're passive.
0:56.9	If you're the more passive parent, you're usually the reason for the morning rush fight.
1:01.9	If you're the more passive spouse, you're super familiar with the what's for dinner fight.
1:06.9	Come to think of it, in the context of interpersonal relationships, passive might just be a fight and word.
1:13.1	But in the context of personal finance, the word passive takes on a different connotation.
1:18.7	And recently, I've stopped trying to grapple with that because being passive investors is our sweet spot.
1:25.3	Passive investing versus active investing is one of those debates that can get
1:29.9	as heated as drums versus flats. Flats for the win, by the way. It's not necessarily in either
	...

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