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BiggerPockets Money Podcast

81: The Basics of Investing with Erin Lowry from Broke Millennial

BiggerPockets Money Podcast

BiggerPockets

Education, Investing, Business

4.53K Ratings

🗓️ 15 July 2019

⏱️ 61 minutes

🧾️ Download transcript

Summary

Erin Lowry last joined us on Episode 24 of the BiggerPockets Money Podcast, where she talked about getting Financially Naked with your partner. She’s back today to talk about investing - and all the things many people don’t really know. Erin shares the basics that so many articles and podcasts gloss over - but that are so important to know in order to be financially successful. She also has a new book out: Broke Millennial Takes On Investing: A Beginner’s Guide to Leveling Up Your Money, where she tackles investment basics. If you’re new to investing, or just having trouble figuring out all the terminology, this episode is right up your alley. In This Episode We Cover: Where Erin started investing The importance of educating yourself On setting financial goals What a time horizon is Her take on insurance What to think about when it comes to investing Her take on retirement The easiest way to start investing for retirement What a target date fund is Two different ways to think about investing What are the difference between Traditional IRA and Roth IRA How to start investing when you still have debts Credit card debt versus student loans How powerful compound interest is Important thing she wants people to take away from this episode about investing And SO much more! Links from the Show BiggerPockets Forums Getting Financially “Naked” with Your Significant Other — With Erin Lowry NerdWallet MagnifyMoney Bankrate Investor.gov Vanguard Fidelity Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the BiggerPockets Money Podcast show number 81 with Aaron Lowry from Broke millennial.

0:06.4

One of the greatest gifts, especially financially that you can give yourself is to be an investor and

0:12.0

understand at least the basics.

0:14.1

You really don't have to know all of the nitty gritty,

0:17.2

all of the complicated stuff.

0:18.5

You can keep it pretty simple,

0:20.0

but you do have to have a basic understanding in order to just feel confident yourself and you are completely capable of doing this

0:28.0

It's time for a new American dream one that doesn't involve working in a cubicle for 40 years, barely scraping by.

0:34.8

Whether you're looking to get your financial house in order, invest the money you already have, or

0:38.6

discover new paths for wealth creation.

0:41.2

You're in the right place.

0:43.0

This show is for anyone who has money or wants more.

0:46.0

This is the Bigger Pocket Money Podcast.

0:48.0

How's it going everybody?

0:49.0

I'm Scott Trench, and I'm here with my co-host, Miss Mindy Jenson.

0:52.0

How you doing today, Mindy? Scott, I'm doing great. co-host Miss Minnie Jensen how you doing today,

0:52.8

Scott I'm doing great how are you doing today?

0:55.3

Life is good I'm excited to talk about one of my favorite subjects investing today.

0:59.8

Yeah this is a great show.

1:02.6

Aaron contacted me because she has a new book out and I loved her first book.

1:06.4

I thought, well, her writing style is going to be the same as the second book.

1:09.4

And it is.

...

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