Investing 101 at the New York Stock Exchange with The Einstein of Wall Street Peter Tuchman
Money Rehab with Nicole Lapin
Money News Network
4.6 • 1.7K Ratings
🗓️ 3 May 2024
⏱️ 31 minutes
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| 0:00.0 | When I'm not hosting this podcast, I am writing books, but it is really hard for me to write when I'm at home, |
| 0:05.3 | so I like to find remote cabins in the middle of nowhere to just hang out and write. |
| 0:10.0 | But I hate the idea of my house just sitting empty doing nothing but collecting dust and definitely not collecting checks. |
| 0:16.6 | And that's why I'm an Airbnb host. It's one of my all-time favorite side hustles. |
| 0:21.0 | Other popular side hustles are awesome too, don't get me wrong, but they often involve big startup costs. By hosting your space, you're monetizing what you already have access to. It doesn't get easier than that. And if you're new to the side hustle game and you're anxious about getting started, |
| 0:34.3 | don't worry because you're not in this alone. Airbnb makes it super easy to host. I mean if I could do it, you could do it. |
| 0:40.6 | And your home might be worth a lot more than you think. |
| 0:42.8 | Find out how much at Airbnb.com. |
| 0:44.8 | host. |
| 0:47.0 | I'm Nicole Lapin, the only financial expert you don't need a dictionary to |
| 0:51.6 | understand. It's time for some many rehab. |
| 0:55.0 | When the New York Stock Exchange was established, the very first thing it did was shut people out. |
| 1:07.0 | Seriously, in 1792, all the reputable stockbrokers in New York got together to sign what they called the Buttonwood |
| 1:14.4 | agreement, a truce basically that set out to make investing more trustworthy by keeping |
| 1:19.2 | con artists who claimed to be stockbrokers outside the exchange. |
| 1:23.8 | At the time, this was a pretty significant problem. |
| 1:26.8 | These con artists would basically sell people stocks based on flat-out lies about the investment |
| 1:31.4 | opportunities. |
| 1:32.8 | And the prevalence of this made Americans skeptical about the whole investing system. |
| 1:38.4 | So brokers started to trade behind closed doors of the stock exchange to keep out the scammers. But closed doors didn't shut out only |
| 1:46.2 | the bad guys. It shuts out everyone. Since the Buttonwood agreement, retail investors don't have the same access to the stock exchange as brokers do. |
| 1:56.0 | Until today. |
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