Discover the tips and strategies that will help you achieve your retirement goals.

I'm your host, James Canole, and this is the podcast dedicated to helping you retire well.

It all starts right here on Ready for Retirement. for retirement.

Hi, everyone, and welcome back to another episode of Ready for Retirement.

I'm your host, James Knoll.

And today we get to take a different, kind of a different spin on the episode,

on the podcast today.

So I had a listener write in.

And he said, thanks so much for the podcast, really enjoy it. And he said, James, I would love to hear a podcast

about how you invest your own money. And usually this show is not about me and what I do with my money,

but I think this would be actually a very interesting episode. Not so much in terms of what specific

mutual funds or ETFs or stocks or whatever

it is that I own as much as how do I think about investing and how do I apply that in some

ways that some of which are considered traditional, some of which are maybe non-traditional,

at least in the way that these principles are applied. So today's topic is all about how do I

invest my own personal money. So as we're talking

about this, I think of investment in kind of three different layers. And so we'll walk through

those layers and how do I apply this investment framework to each of them. But all of those layers,

they have one thing in common. And that's this. It's that I like to think about everything in terms of premiums.

And what a premium is, is it is extra return that you can potentially achieve in exchange

for taking on some type of risk or in exchange for some investment for doing so. So premiums

is how I think about everything. And let's just look at a practical example of that.

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