Lazy Investors Are the Wealthiest
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 4 October 2006
⏱️ 48 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | It's Brian Preston, the money guy, restoring order to your financial chaos, retirement, investing, taxes. |
| 0:09.0 | You got financial questions. He's got financial answers. It's Brian Preston, the money guy. |
| 0:16.0 | October 4th, 2006, we're into the fourth quarter of the year and third quarter wasn't too bad for us unless you had all of your assets in the oil and gas stocks. |
| 0:27.0 | I think we've all done pretty well. I want to talk to you guys today's podcast, the financial chaos topic, because remember, what we're here doing at the money guy podcast is we're restoring order to your financial chaos. |
| 0:38.0 | So we're going to talk about how lazy investors are the wealthiest. |
| 0:42.0 | And I know that sounds kind of counterintuitive to what you would think would happen with investing, but I'm going to give you some insight into what's going on. |
| 0:49.0 | And I'm not saying that if you sit around and do nothing, save no money, and you're going to wake up one day and have millions in the bank, or that lottery tickets go finally come your way. |
| 0:59.0 | That's not what I'm talking about when I say lazy investors are the wealthiest. I'll give you some insight. |
| 1:04.0 | Part of what we're going to be talking about when we're going to learn on this podcast is we're going to learn the hierarchy of investment decisions. |
| 1:10.0 | The cycle of market emotions and how they can just be devastating to your financial assets, if you let those emotions play upon you and hurt your long term financial viability, the common investing mistakes, how to solve investing mistakes, how to accumulate $1 million by the age of 65, and then insight from Mr. Warren Buffett, the Oracle from Omaha. |
| 1:39.0 | You know, it'd be nice if we were all like Warren where we could all do the great things and act like him, and that's what we're going to try to give you some insight on today. |
| 1:47.0 | But before we jump in to talking about the lazy investors or the wealthiest and giving you that insight into investing, I wanted to go over a few things on how you can contact me. |
| 1:58.0 | You can contact me by email, which is Brian BRIN at money-guy.com. |
| 2:06.0 | You can also call our 1-800 number, which is 1-800-762-8502. This is your opportunity to leave us questions, comments, concerns, anything you want to know or let us know about the podcast, this is your opportunity to let it out. |
| 2:22.0 | Now, we've gotten several calls, but I wanted to go ahead and give you a taste of what it sounds like when we get these calls in, so I'm going to play one of these. |
| 2:29.0 | And then I'm going to encourage you to please call us with additional phone calls in the future so we can get your insight on the air. |
| 2:35.0 | Hey, Brian. I'm up in the Chicago area, and I just tune into your podcast today, and usually I wouldn't do something like this and let it call in. |
| 2:45.0 | But I got to tell you, for what you look like, which is a pretty young guy, I was pretty amazed by your level of maturity and insight. |
| 2:52.0 | I'm one of those guys that have recently, last few years, made the jump into trying to become a business owner, going through the ups and downs, of course, and everything you say is so right on. |
| 3:06.0 | Keep up the good work. I just wanted to give you a little bit of encouragement and tell you that I'm impressed and look forward to hearing a few more things from you. |
| 3:16.0 | So take care and hope things go well for you. Bye now. |
| 3:21.0 | So there's a taste of what it sounds like. If you'll call the 1-800 number, 1-800-766-8502. |
... |
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