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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI Rewind: Take Control of Your Financial Future w/ Brennan Schlagbaum

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Investing, Education, Business

4.6592 Ratings

🗓️ 27 October 2023

⏱️ 50 minutes

🧾️ Download transcript

Summary

Brennan Schlagbaum, better known as Budget Dog, talks about the state of financial education and how to take control of your financial future. Brennan is a certified public accountant, investment coach, and author of Investing 101: Everything the Investor Needs to Know. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 05:41 - The strategy of paying down debt as fast as you can. 10:39 - How to manage the dynamic of living for now while striving towards financial goals. 12:18 - How should listeners approach paying off their students debts right now? 18:05 - Why you need to actually invest the cash in your investment accounts. 22:05 - What is currently wrong with our financial education system? 22:05 - How low-cost resources are going to change the future of financial education. 33:09 - Why a budget doesn’t have to be restrictive. 44:57 - Common mistakes that new investors make. And much, much more! BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Related episode: Listen to MI087: How to Talk About Money w/ Erin Lowry, or watch the video. Erin Lowry’s book Broke Millennial Talks Money. Rick Ferri’s book The Power of Passive Investing. All of Robert’s favorite books. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Brennan: Website | Twitter | Instagram Connect with Robert: Website | Instagram HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!  Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0

You're listening to TIP.

0:02.4

On today's show, we're re-sharing some of the older episodes that are my favorites for a few reasons. One, we get a bunch of new listeners each week, so new listeners may not have heard this episode before. Two, even if you've been listening for a while, you may have missed this episode when it originally came out. Or three, even if you've heard it before, it could be a great episode to learn from again. If you've already heard this episode or you're not interested in hearing it, feel free to just skip it. There's no harm in that. And you can pick up with our new episodes next week. That's all I had for you for this new intro. Everything going forward is going to be from the original episode. I hope you guys enjoy it. On today's show,

0:38.2

I chat with Brennan Schlagbaum, better known as Budget Dog, to talk about the state of financial

0:42.8

education and how to take control of your financial future. Brennan is a certified public

0:47.9

accountant, investment coach, and author of Investing 101, everything the investor needs to know.

0:54.1

I met Brennan from being active on social media, specifically on Instagram.

0:59.5

Brennan has a passion for personal finance and teaching, so he took what he knew and decided

1:04.1

to start sharing it on Instagram to help teach other people, and that's how he and I got

1:08.3

connected. What I find great about my relationship with Brennan

1:11.9

and what you'll hear in today's show is that we don't necessarily agree on everything. For example,

1:17.2

he believes in being completely debt-free, including his mortgage. So he's paying down his mortgage

1:22.9

as fast as he can. I don't personally like that strategy for myself. Now, that doesn't mean there's

1:29.4

anything wrong with that strategy. It's certainly right for some people. It just isn't right

1:34.0

for me personally. Despite me and Brennan having different opinions on how to approach

1:38.6

personal finance and investing, we're able to frequently have civil conversations about

1:42.8

these topics as we did in this podcast

1:44.7

and frequently via text or email.

1:47.5

And we have the same goal.

1:49.7

And that's to help bring more awareness to financial education.

1:53.7

What I'd like for you all listening to take away from this episode is that there's no

1:58.1

one-size-fits-all strategy and that you can have conversations

2:01.2

with people that think differently than you. You have to find what is right for you. I've mentioned

...

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