TIP456: How to Build a Wealth Plan for Financial Independence w/ Katie Gatti

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 12 June 2022

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU'LL LEARN: 14:38 - How to calculate your retirement needs. 20:32 - How to determine how much cash you should reserve. 39:46 - How to think through investment account types like 401ks, IRA’s, Roths, etc. 51:17 - The ideal allocation of index funds. 1:00:34 - When to consider alternative investments like real estate or small businesses. 1:04:23 - Time and Energy trade-offs while determining your approach. 1:08:59 - How to incorporate philanthropy. *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 Stig, Clay, and the other community members. Money with Katie Podcast. Money with Katie Blog. Copilot Budget Tool. Portfolio Visualizer Backtest. Katie Gatti Twitter. Trey Lockerbie Twitter. New to the show? Check out our We Study Billionaires Starter Packs. Our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Check out our Favorite Apps and Services. SPONSORS Support our free podcast by supporting our sponsors: Bluehost Fintool PrizePicks Vanta Onramp SimpleMining Fundrise TurboTax 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 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.
0:03.6	On today's episode we have Katie Gatti, the host of the very popular podcast Money with
0:08.3	Katie.
0:09.3	Katie also runs a personal finance blog and is joining us today to discuss how to build
0:13.6	a wealth plan.
0:15.2	In this episode you will learn how to calculate your retirement needs, how to determine how
0:19.4	much cash you should reserve, how to think through investment account types like 401Ks,
0:24.4	IRAs, Roths, etc.
0:26.3	The ideal allocation of index funds, when to consider alternative investments like real
0:31.1	estate or small businesses, time and energy trade-offs while determining your approach, how
0:36.0	to incorporate philanthropy and a whole lot more.
0:38.8	Katie is highly personable and highly knowledgeable and I learned a lot, especially around all the
0:43.7	amazing resources that she shares.
0:46.2	I consider your personal finance plan to be the lead domino to building wealth.
0:50.1	You must get this plan in place before you even consider your investing strategy.
0:54.6	So with that, please enjoy my conversation with Katie Gatti.
1:02.0	You are listening to the Investors Podcast where we study the financial markets and read
1:07.0	the books that influence self-made billionaires the most.
1:10.2	We keep you informed and prepared for the unexpected.
1:22.5	Welcome to the Investors Podcast, I'm your host, Tray Lockerbie and today I'm super
1:26.3	excited to have on the show Katie Gatti, welcome to the show.
1:29.4	Thank you so much, Tray, happy to be here.
	...

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