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Motley Fool Answers

Eavesdropping: The Best of Boston Member Event

Motley Fool Answers

The Motley Fool

Taxes, Saving, Money, Investing, Planning, Retirement, Personalfinance, Finance, Education, Business

4.4823 Ratings

🗓️ 29 November 2016

⏱️ 35 minutes

🧾️ Download transcript

Summary

We’re sneaking you into the recent member event in Boston so you can hear the best bits that were delivered on stage. David Gardner shares investing advice worth embroidering on a pillow. Morgan Housel explains why you’re not too late to invest in the most disruptive trends of today and tomorrow. And Tom Gardner sits down with the cofounder of the Conscious Capitalism movement to discuss why responsible companies outperform. We also answer your very personal question about our personal finances.

Transcript

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0:00.0

This is Motley Fool Answers. I'm Alison Southwick and I'm joined as always by Robert Brokamp,

0:08.0

personal finance expert here at the Motley Fool. How you doing, bro?

0:13.0

I'm splendid. How are you, Alison?

0:15.0

I'm good. In today's episode, we are sneaking our listeners into a recent member event in Boston so that you can eavesdrop

0:21.9

on some of the highlights. We'll also answer your question about how we personally personal

0:27.2

finance. All that and more on this week's episode of Motley Fool Answers.

0:32.1

It's time for Answers Answers, and today's question comes from Albert. He writes, I am

0:36.8

starting to get proactive about my expenses,

0:39.5

but I feel I am still a newcomer. Can you provide advice on what inspires you both to think high

0:44.1

level about your finances in life? I haven't had much guidance growing up and just want to hear

0:48.6

what any of your long-term goals are and how you build your plans to achieve them. Any personal

0:53.7

examples and obstacles along

0:55.5

the way Albert would also like to hear about? Do you want to go first?

0:58.6

I'll go first. That's a very interesting question. I was thinking about why did I,

1:04.8

how did I create my beliefs about money in general? Because he talked about expenses, and

1:08.3

I've always been someone who was frugal. I was

1:11.2

never comfortable spending a lot of money and I guess that comes from my parents, although

1:14.8

looking at some of the expenses from other people in my family, my sisters.

1:18.9

Do they listen to the show? Hope not.

1:21.4

I doubt it. There's a couple of them are more comfortable spending money than I am,

1:26.6

so I don't know where it came from my parents.

1:28.5

But we all did go through an experience in high school when my dad's business went belly up, and we went through some hard times.

...

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