3253: Simplify Your Investing: An Introduction to DRIPs by Sara of Get Rich Slowly on How to Build Wealth

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 19 August 2025

⏱️ 11 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 3253: Sara explains how Dividend Reinvestment Programs (DRIPs) allow investors to buy company stock directly and automatically reinvest dividends, bypassing brokerage fees and enabling small, consistent contributions over time. She highlights their simplicity, low costs, and power for long-term growth, while noting the importance of diversification and careful company selection. This approach is ideal for those who want a low-maintenance, cost-effective way to steadily build wealth. Read along with the original article(s) here: https://www.getrichslowly.org/simplify-your-investing-an-introduction-to-drips/ Quotes to ponder: "DRIPs are hands-down the easiest way to invest in individual company holdings." "You don't have to invest thousands at a time. Some programs let you invest as little as $10 per month." "If you like simple solutions and are a long-term investor, DRIPs are worth a look." Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:03.4	This is Optimal Finance Daily.
1:05.4	Simplify your investing.
1:10.5	An introduction to drips by Sarah with getrichslily.org.
1:14.9	I'm a simple girl and I love simple solutions.
1:18.3	That's why I've fallen in love with drip investing.
1:20.9	It's about as simple as investing gets.
1:24.5	If you're an investor who likes to set it and forget it,
	...

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