The Missing Piece in 99% of Financial Advice

Erika Taught Me

Erika Kullberg

Business, Entrepreneurship

4.8 • 2.3K Ratings

🗓️ 23 April 2024

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

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Summary

Can you become a confident investor with just $10? That’s exactly what Erika is going to show you how to do during her FREE 5-Day Investing Challenge! Just go to https://erika.com/start to sign up! During the free 5-day Investing challenge, Erika will guide you through what investing is and how to actually do it! She’ll cover everything from how to open a brokerage account to how much money to invest, what to invest in, and so much more! The deadline to sign up is Sunday, April 28th at 11.59 PM CT and the challenge starts on Monday, April 29th. Don’t miss the opportunity to learn directly from Erika, and become a confident investor - even if you only have $10 to start with! Go to https://erika.com/start to secure your spot. #81 Why is Stoicism so important for building your wealth? Scott Galloway, a professor and prominent figure in the field of business and wealth management, brings a unique and practical approach to achieving financial success. With a background rich in entrepreneurial success and academic insight, Galloway's formula for wealth combines focus, diversification, time and Stoicism. Get Professor Scott Galloway’s New Book: The Algebra of Wealth here: https://erika.com/the-algebra-of-wealth Special thanks to our partners & sponsors: Webull (free stocks) - https://erikataughtme.com/invest Aura: Get a 14-day free trial with my sponsor Aura and see where your personal information is being leaked online - https://erikataughtme.com/aura Bilt Rewards - https://erikataughtme.com/bilt Thanks for tuning in and come back every Tuesday for a brand-new episode! Make sure you hit the follow button to get notified. Prefer to listen on the go? Listen wherever you get your podcasts. https://www.erikataughtme.com/follow Prefer video or want closed captions?⁠⁠ Watch this episode on YouTube: https://youtu.be/ptsbEVzxVeg Did you enjoy the episode?⁠⁠ Please leave us a review here⁠⁠ https://erika.com/review : (just scroll to the bottom and tap on “leave a review”) It really helps the podcast especially since we’re just getting started. Even just a sentence is perfect! Follow the podcast @erikataughtme across platforms. ⁠Connect with me on Instagram.⁠ https://www.instagram.com/erikankullberg For more information, go to⁠ https://erikataughtme.com Get on my personal finance & investing course priority waitlist here https://erika.com/3D-money Get my Mastering YouTube course, to learn how to grow a YouTube following and monetize it https://erika.com/mastering-YT ⁠Get more of my free resources. https://erika.com/all-links

Transcript

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0:00.0	Hey everyone it's Erica. In this episode you'll discover what Scott says about how to
0:06.0	invest without ever losing your money. He literally gives the guaranteed formula and
0:10.6	the hidden superpower we all have to maximize our money.
0:15.0	All you have to do is know how to use it and we're going to show you exactly that in this
0:20.3	episode.
0:21.3	But before we dive in there's something that you should know. I don't
0:24.2	know if you've noticed, but when you look around, you see more and more people who've learned
0:28.8	how to comfortably retire in their 40s and 50s. And then there are people who are forced to work in their 60s and
0:35.9	70s because they can't afford to retire. So the question is, what are those who are set on a path to
0:42.1	retire early doing that those who can't afford to retire are not doing?
0:47.0	And this distinction is what makes all the difference.
0:50.0	Those who achieve worry-free retirement don't just get lucky rely on savings or ignore the power of compound interest.
0:58.0	And those who are still struggling in their 60s and 70s might be in this position because they only relied on savings,
1:06.0	kept their money in a bank account, and never learned about investing.
1:10.0	And it's not their fault because most of us were never taught how to manage our money.
1:15.0	And the thing is, most of those who are able to retire early and comfortably
1:20.0	did one thing differently.
1:22.0	And that one thing allowed them to get to a place
1:25.2	where they never have to worry about money again and that was to invest their money.
1:31.0	Now the problem is most people don't invest and the reason is because
1:36.0	they're afraid and I remember exactly how it felt to be afraid. In fact I remember
1:40.8	Googling how to invest and getting so overwhelmed with all the choices.
	...

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