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The Intrinsic Value Podcast - The Investor’s Podcast Network

REI134: The Wise Investor w/ Rich Fettke

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Business, Education, Investing

4.6592 Ratings

🗓️ 8 August 2022

⏱️ 52 minutes

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:55 - Why he wrote his book in the style he did. 03:41 - What is the right way to think about financial freedom? 03:41 - Why so many people think about financial freedom wrong. 12:25 - Why climbing the corporate ladder won’t achieve your financial goals. 18:29 - How important mindset is to financial success. 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. Rich Fettke’s book The Wise Investor. Robert’s book The Everything Guide to House Hacking. Robert Kiyosaki’s book Rich Dad Poor Dad. Learn about house hacking. Why you should consider house hacking. 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 Robert: Twitter | LinkedIn Connect with Rich: Website | Instagram 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 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. I give it credit to the power of walking. The Stoics said that, you know,

0:06.1

so many thousands of years ago, a couple thousand years ago, it's get out and hike and walk on

0:11.7

your own. And so I do that often. We have a trail right off our property here. And I take no

0:16.5

electronics with me and I just go and I hike for, you know, hour, hour and a half. And it's just

0:21.7

amazing how many cool insights you get. And that was one of those that just downloaded. And it was

0:26.1

just, it just hit home for me. So I'm glad you dug it because I really did when I was just like,

0:30.7

ooh, thank you. In this week's episode, I talk with Rich Fetke about what it means to be a wise investor.

0:40.6

Rich Fetke is the co-founder of Real Wealth with his wife, Kathy, author of Extreme Success,

0:46.5

and his newest book, The Wise Investor.

0:48.9

And he's even competed in ESPN's X games.

0:52.6

Outside of wealth building and real estate, Rich is a record-holding

0:55.6

bungee jumper, licensed skydiver, experienced rock climber, heli-skier, surfer, and highliner.

1:03.1

I didn't really think we'd have somebody more into action sports ever on the show than me,

1:07.6

but it looks like we have found that guest. And now, without wasting any more time,

1:12.5

let's get right into this week's episode with Rich Fedke.

1:19.4

You're listening to Real Estate Investing by the Investors Podcast Network, where your host, Robert

1:25.1

Leonard interviews successful investors from various real estate

1:28.9

investing niches to help educate you on your real estate investing journey.

1:41.2

Hey, everyone, welcome back to the Real Estate 101 podcast. As always, I'm your host, Robert Leonard,

1:47.7

and with me today, I have Rich Fetke. Rich, welcome to the show.

1:52.3

Good to be here, man. Thank you for inviting me.

1:54.9

Not a lot of authors writing investing books take the approach you did with your book,

...

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