3029: Why I’m Not a Financial Moron by Doc G of Earn And Invest on Money Mistakes

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 4 February 2025

⏱️ 10 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 3029: Doc G reflects on how he avoided financial missteps despite never receiving formal financial education. Growing up in a household where his parents modeled financial intelligence through frugality, strategic investing, and entrepreneurship, he absorbed valuable money habits without realizing it. Now, as he raises his own children, he aims to pass down not only the habits but also the financial knowledge that can empower them for life. Read along with the original article(s) here: https://www.earnandinvest.com/blog/why-im-not-a-financial-moron Quotes to ponder: "They paved the way with good habits, frugality, and an appetite for risk taking." "I'm pretty sure that my parents saved at least fifty percent of their income for most of their careers." "I can't remember a single thing I purchased throughout childhood. But I sure do remember those trips." Episode references: EconoMe Conference: https://economeconference.com The White Coat Investor: https://www.whitecoatinvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Are you a smart booker or a silly booker?
0:07.4	Smart bookers get access to a three airport lounge by booking a five-star holiday with On the Beach.
0:13.8	Silly bookers?
0:14.8	Well, enjoy those cues at the bar.
0:17.1	Stop booking around and visit On the beach.com.com.
0:22.2	Conditions apply.
0:25.6	Seven night minimum stay outbound only from selected airports for up to six people,
0:26.4	at all protected.
0:32.6	This is Optimal Finance Daily.
0:37.9	Why I'm not a financial moron by Doc G of Earn and Invest.com. It's a miracle that I'm not a financial moron by Doc G of Earn and Invest.com.
0:44.9	It's a miracle that I'm not a financial moron. No one taught me about finances. I never took a course in college. In fact, a few years ago before I found the fire community, I was pretty
0:49.9	clueless. Well, not exactly. I made reasonable financial decisions, heck, even good decisions.
0:57.3	I didn't, however, have the vocabulary or knowledge behind what I was doing. So was I lucky? Did I merely
1:04.2	happen to stumble on the right path? I have one great advantage. I am my parents' son, and they did not bring up a financial moron.
1:14.7	And my parents are fairly financially savvy. Sure, they didn't sit me down and explain the
1:20.1	economic ins and outs, which I totally blame them for, but they did something more important.
1:25.7	They lived them. My mother and stepfather were a living,
1:29.6	breathing encyclopedia of financial knowledge. More than words, I absorbed their actions.
1:35.5	I watched as they negotiated running a household filled with five bustling children, two grown
1:40.8	adults, and all sorts of responsibilities. Their rules have become ingrained in my psyche.
1:46.9	They pave the way with good habits, frugality, and an appetite for risk-taking. They made lots of money.
1:54.8	My parents were both innovators. They obtained graduate degrees and then turned their academic
	...

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