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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI168: How to Build Wealth (Mini-Episode)

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Investing, Education, Business

4.6592 Ratings

🗓️ 14 May 2022

⏱️ 20 minutes

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN: 02:09 - The simple formula to building lasting wealth. 03:47 - The big three expenses to look out for to increase your cash flow. 06:52 - The appreciating assets that Clay tends to invest in. 06:52 - The criteria Clay uses to help determine if he should make an investment or not. 15:06 - What the 4% rule is, and how it applies to investors. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. JL Collin’s book The Simple Path to Wealth. Ramit Sethi’s book I Will Teach You To Be Rich. Related Episode: MI164: What is Money? w/ Jim Crider. Related Episode: MI128: Why Buy Bitcoin w/ Andy Edstrom. Related Episode: MI134: Why Deflation is Key to an Abundant Future w/ Jeff Booth. Related Episode: MI136: The Bull Case for Uranium w/ Justin Huhn. Robert and Clay’s tool for picking stock winners and managing our portfolios: TIP Finance. Follow Clay on Twitter. Get a FREE audiobook from Audible. Check out our Investing Starter Packs about business and finance. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Clay: Twitter 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 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.

0:02.7

Hey everyone, welcome to the millennial investing podcast. I'm your host, Clay Fink, and today is the

0:09.2

first release of our mini episode series that will be released every Saturday. As the

0:14.5

millennial investing show has grown over the years, we found it somewhat difficult to take

0:18.6

us back to our roots of empowering millennial investors

0:21.4

or oftentimes more beginner investors.

0:24.2

Many of the guests we bring on are experts in their field, so sometimes the content can get

0:28.9

fairly complex.

0:30.3

With that, I bring you the many episodes where it will be just me talking about a specific

0:35.5

topic related to personal finance, money, investing, and

0:39.3

other money challenges that millennials might face in regards to their finances. These episodes

0:44.2

will be shorter than our other episodes where we typically interview professionals and industry

0:48.7

experts in the finance space. We're planning to use these episodes to really dive into the weeds

0:54.0

on specific topics

0:55.3

to help provide you guys even more value in addition to the other episodes we already provide.

1:00.6

If you have any topics or questions you'd like me to dive into in future many episodes,

1:05.3

feel free to DM me on Twitter at Clay underscore Fink. That's C-L-A-Y-U-S-I-N-C-K, or you can shoot me an email at

1:14.8

Clay at the Investorspodcast.com. With that, let's dive right in to today's episode.

1:20.9

You're listening to Millennial Investing by the Investors Podcast Network, where your

1:25.8

hosts, Robert Leonard and Play Fink, interview successful

1:29.0

entrepreneurs, business leaders, and investors to help educate and inspire the millennial generation.

1:41.1

All right, during this episode, I'm going to be covering some of the basics on how to build

...

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