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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI299: Index Investing Simplified w/ Nicole Lapin

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Investing, Education, Business

4.6592 Ratings

🗓️ 17 October 2023

⏱️ 46 minutes

🧾️ Download transcript

Summary

Kyle Grieve chats with Nicole Lapin about Nicole’s background in finance and how she got to where she is today on her own, why finances seem daunting to some people and what we can do about it, the simple things you need to know to start investing today, the reason starting now is so important, how AI is helping to improve investing for everybody, and much, much more! Nicole Lapin is the author of 5 books on personal finance and the founder of the Money News Network. She hosts The Money Rehab With Nicole Lapin daily podcast. Nicole was an anchor for CNN and CNBC. Now she spends most of her time helping educate people to improve their financial situations. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro. 03:43 - Why financial jargon keeps us in the dark on our finances. 03:47 - Why discussing finances are so taboo. 05:17 - The positive and negative effects of compound interest. 07:08 - What you need to know to get started in investing. 09:18 - A very simple index fund strategy. 17:20 - The importance of time in compounding. 27:29 - The use of AI in helping with personal finances. *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. Buy Nicole Lapin’s latest book: Miss Independent. Check out Nicole’s other books here. Check out Nicole’s AI service to help make you a better investor: Magnifi. 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 Kyle: Twitter | Website Connect with Nicole: Twitter | Website | Podcast 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

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:02.9

Yeah, these are the greatest hits stories that people tell themselves to say that they can't get their financial life together.

0:09.7

I don't have enough money to start.

0:11.6

I'm bad with numbers or I'm bad with math or I'm too old.

0:15.1

Those are like the three greatest hits usually.

0:17.6

And you don't need a lot of money to start.

0:20.0

You just need the most time possible. And are you too old? I don't know. Like you don't need a lot of money to start. You just need the most time possible.

0:22.3

And are you too old? I don't know. Like, you're never as young as you are today. So,

0:26.7

today is the best day ever to start because you'll never be younger than you are right this moment.

0:36.4

In this episode, I chat with Nicole Lappin about Nicole's background and finance and how she got

0:40.9

to where she is today on her own. Why finances seem daunting to some people and what we can do about

0:46.4

it, the simple things you need to know to start investing today? The reason starting now is so important,

0:52.5

how AI is helping to improve investing for everybody,

0:55.1

and much, much more. Nicole Lapin is the author of five books on personal finance and is the

1:00.9

founder of the Money News Network. She hosts the Money Rehab with Nicole Lapin Daily Podcasts.

1:06.7

Nicole was also an anchor for CNN and CNBC. Now she spends most of her time helping educate people

1:12.3

to improve their financial situation. Nicole has done a great job of sharing her own experience

1:16.9

from being broke and in major credit card debt to being financially independent. What I like most

1:21.9

about her is her ability to simplify complicated financial concepts into easily digestible

1:26.8

tidbits that anybody can understand.

1:29.1

If you've been on the sidelines about your finances, then I'd highly recommend checking

1:32.8

out this interview as she has some very simple and practical tips to help get you started.

...

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