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InvestED: The Rule #1 Investing Podcast

56- How to Be Mindful About Your Money

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Business, Investing

4.61.6K Ratings

🗓️ 3 May 2016

⏱️ 32 minutes

🧾️ Download transcript

Summary

What does it mean to invest with your values? This week we discuss why it’s important to have control over your money and a say in what it is invested in. Those of you investing in indexes and mutual funds might be shocked to see what your money is being put into. For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hey everybody this is Phil town this is Phil town this is Danielle town and

0:08.2

welcome to invested podcast we're here to talk about money and

0:12.3

investing on this mindfulness around our we're here to talk about money and investing.

0:13.0

Mindfulness, mindfulness around our money.

0:15.4

Yeah, and getting involved.

0:16.4

How to be invested in your money and your life.

0:20.0

Yep, we're making the basic case here that by giving over the power over your money, the control over your money, the decision-making over your money, you are being a hypocrite because you're letting somebody else vote your money for their values, not your values.

0:36.0

You are...

0:37.0

A little extreme. I think what you're saying is that you're abdicating responsibility.

0:45.0

I mean, you could find somebody else who supposedly

0:47.4

votes for your values with the money, right?

0:50.2

Well, come on.

0:51.3

If you have a mutual fund or an index fund, which all of you have, then you own Coca-Cola.

0:58.0

And I bet a big percentage of you think drinking coaks is a bad idea and you wouldn't teach it to your kids.

1:03.2

Which means you own the company you're telling your kids not to use the products of.

1:08.8

That's being a hypocrite.

1:10.7

Special occasions.

1:15.0

There's no, it's, right? It's a value system.

1:16.0

Okay, well, I'm, I'm fighting, it's like an addict who has to come back for a quick, you know,

1:21.6

shot every once in a while. I have been working on breaking this Coca-Cola

1:26.8

habit for 40 years. It's brutal. My grandmother, my mother worked in a dairy queen and she, unbelievably,

1:39.1

would just bring home coaks and dilly bars by the ton.

...

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