619: The Worst Investment Advice I Ever Heard Everywhere by Chris Mamula of Can I Retire Yet

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Self-improvement, Education, Business, Investing

4.5 • 1.3K Ratings

🗓️ 12 July 2018

⏱️ 12 minutes

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Summary

Chris Mamula of Can I Retire Yet shares the worst investment advice he's ever heard. Episode 619: The Worst Investment Advice I Ever Heard Everywhere by Chris Mamula of Can I Retire Yet (Saving for Retirement). Darrow Kirkpatrick is the founder of CanIRetireYet.com. He began serious investing in his mid-30s and retired at age 50. He's not a dot com millionaire and didn't become financially independent by flipping real estate or trading hot stocks. He did it the traditional way: hard work, frugality, prudent investing, and patience. When it comes to personal finance, his top priorities are simplicity, reliability, and safety. Now his mission is to help others become financially independent as he did. More recently, Chris Mamula has been managing the blog and he's a frequent writer on the site. Chris used principles of traditional retirement planning, combined with creative lifestyle design, to retire from a career as a physical therapist at age 41. After poor experiences with the financial industry early in his professional life, he educated himself on investing and tax planning. Now he draws on his experience to write about wealth building, DIY investing, financial planning, early retirement, and lifestyle design. The original post is located here: https://www.caniretireyet.com/the-worst-investment-advice-i-ever-heard-everywhere Please Rate & Review the Show! Visit Me Online at OLDPodcast.com & in The O.L.D. Podcasts Facebook Group! and Join the Ol' Family to get your Free Gifts Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:28.0	This is Optimal Finance Daily. episode 619 the worst investment advice I ever heard everywhere
0:38.6	by Chris Mamula with can I retire yet.com and I'm your host and narrator Dan.
0:44.0	This is of course where I read to you from some of the best personal finance blogs on the planet.
0:49.0	And I want to remind you that if you have some topic requests for us,
0:52.0	maybe something you've never heard
0:53.8	us cover here on the show, that you'd love to hear us cover, please come by old Podcast.com and share those ideas.
1:01.6	And I'm going to keep this intro nice and short for you today, so let's get right to
1:05.5	our post from Chris and continue optimizing your life.
1:10.4	The worst investment advice I ever heard everywhere by Chris Mamula with Can I Retire
1:19.3	Yet.com.
1:21.9	My financial story creates an interesting juxtaposition as I recently shared with
1:26.1	Steve Chen on the new retirement podcast. On one hand my wife and I did many things
1:31.4	well with our money.
1:33.0	We achieved financial independence quickly,
1:35.3	allowing me to retire last fall at 41 years of age.
1:39.0	On the other hand, we made investing mistakes
1:41.3	that in retrospect could only be described as pure stupidity.
	...

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