Episode 557 | Investing for Founders

Startups For the Rest of Us

Rob Walling

Entrepreneurship, Management, Business, Marketing

4.9 • 819 Ratings

🗓️ 6 July 2021

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

In Episode 557, Rob Walling flies solo to talk about investing for founders, with an emphasis on retirement. Rob views investing as a long-term game, not treating the stock market like a slot machine by buying and selling stocks. As founders, we're busy with our work, our family, and our friends. We don't want to spend a ton of time fiddling with investments. In this episode, Rob outlines an 80/20 approach to getting the most out of investing as a founder. The topics we cover [02:13] How Rob made most of his money [04:07] The rule of 72 [07:30] Investing on autopilot while building startups [07:46] Build an emergency fund [09:53] Max out retirement plans [12:08] Open a simple IRA or SEP IRA [13:00] Life insurance [14:35] Retirement account asset allocation [18:32] Taking your investments to the next step Links from the show Rule of 72 Haven Life Lazy Portfolio Money For the Rest of Us The Stacking Benjamins Podcast Afford Anything If you have questions about starting or scaling a software business that you'd like for us to cover, please submit your question for an upcoming episode. We'd love to hear from you! Subscribe & Review: iTunes | Spotify | Stitcher

Transcript

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0:00.0	Welcome to this week's episode of startups for the rest of us. I'm Rob Walling. This is episode
0:04.2	557 where I'm going to fly solo and I'm going to talk about investing for founders.
0:11.5	And there's an emphasis on retirement investing, investing for the future. I view investing
0:16.3	as a long-term game, not something that is like playing the stock market and buying stocks. I don't
0:21.9	buy individual stocks. And so we'll talk about how I view it and how I've viewed this whole
0:28.4	concept and how I've tried to simplify it for myself because as founders, we're busy with our
0:33.1	work, our family, and the balance and friends. And oftentimes we don't want to spend a ton of time,
0:38.2	but there is kind of an 80-20 or 90-10 approach to doing that. But before we dive in, I have a new
0:44.8	review and I just had to read it. I really appreciate it. It's from Brian Ria in the U.S.
0:50.3	And he says five stars, your bootstrapped startup MBA.
0:58.5	This is the definitive podcast for founders who dream of building a sustainable, profitable business without sacrificing their personal wellness or relationships.
1:02.3	If you want to hear hard-fought wisdom from real-life stories with a long-term perspective,
1:06.8	this is a show for you.
1:08.0	And that's very well-written, sir.
1:09.6	I really appreciate it.
1:10.6	Brian is
1:11.0	co-host of the slow and steady podcast with Benedict Dyka. And I just, I appreciate you
1:17.4	summarizing it like that. And I love that phrase, your bootstrapped startup MBA. So if you've
1:21.9	been listening and getting value out of the podcast and want to give a little, little favor back. Five stars in any of the places that you
1:30.2	listen to this podcast would help. It helps us find more users and listeners. We have actually been
1:36.5	growing pretty well over the past. It's about 18 months to two years since I really put renewed
1:43.0	focus on the podcast.
	...

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