AAR12 - Diversifying Outside of Stocks
The Investing for Beginners Podcast - Your Path to Financial Freedom
Andrew Sather
4.1 • 1.5K Ratings
🗓️ 26 August 2025
⏱️ 37 minutes
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| 0:00.0 | Greetings, everyone, and welcome back to at any rate. My name is Evan Ray, and we're here to help you make sustainable financial changes without breaking a sweat. |
| 0:18.4 | And today we are joined by someone who I think will be an interesting foil to today's topic or a good opposite, which is Andrew Sather, our resident investing mastermind. How are you doing? I don't know how I feel about being called a foil. I'm just getting pictures of being cooked at the barbecue or something. So I don't appreciate it. But hey, we'll move on. It's all good. We won't label it as a pro or a con. We'll just take it as is and roll with the punches. So we all know, especially from the IFB content, the fantastic investing for beginners content, that investing is incredibly powerful and important and a lot more accessible than a lot of people think. We'll dive into that a bit. But it definitely doesn't cover everything. It doesn't cover every financial situation. It doesn't |
| 0:57.7 | cover every goal. It doesn't diversify you outside of stocks. But with all that in mind, |
| 1:04.3 | Andrew, would you argue that investing is completely indispensable, that it's just a necessity for people? |
| 1:12.0 | Absolutely. I think if you want to build wealth, if you want to have some sort of financial |
| 1:18.1 | independence, one of the things I learned very early on, and I was fortunate to come across |
| 1:23.4 | this book, Rich Dad, Poor Dad, by Robert Kiyosaki. And he kind of shifted the way I look at money |
| 1:31.1 | in the sense of you can, he used this dichotomy of like a guy who didn't really make too much money |
| 1:41.1 | versus a guy who was a doctor. and he were like these two dads of |
| 1:44.6 | his and it was actually the doctor was not the one who was the wealthy one like you would expect |
| 1:50.6 | with the financial freedom with the choices with the money saved and all of this so it kind of |
| 1:56.0 | opens your eyes to the fact that just because you have a large income doesn't mean you'll |
| 2:00.2 | automatically be wealthy. |
| 2:01.6 | And that's one of those things that I think we all take for granted, unless you've had this |
| 2:07.0 | kind of financial education that we provide. And so for me, like having that backdrop and |
| 2:15.8 | understanding really shows you how important investing is. |
| 2:20.3 | Because investing is kind of an important piece to that. You have, make sure you're saving money, and then make sure you're investing the money. |
| 2:29.3 | And without those two things, you could be as rich as a doctor, you could be a professional athlete making |
| 2:34.3 | millions of dollars a year. If you're not doing those two things, it's very unlikely that you will |
| 2:40.1 | be able to build wealth and be wealthy. Yeah, I actually read that book as well, and I definitely |
| 2:45.8 | remember how powerful that mindset shift was, because you hear people just say, oh, you know, |
| 2:50.8 | you don't need to make a ton of income to be wealthy or just because you are making a good amount of income doesn't mean you're actually wealthy. |
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