TIP613: Stock Market Basics & Financial Independence w/ Clay Finck & Kyle Grieve

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 8 March 2024

⏱️ 92 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s episode, Clay Finck and Kyle Grieve share why they are so passionate about investing in stocks and why they utilize the stock market to help them achieve financial independence. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:41 - How real-life examples of compounding have influenced Clay & Kyle 11:33 - How the stock market has compounded in the US since the 1950s. 20:50 - Why Clay and Kyle set the financial goal of becoming financially independent. 28:42 - Why Kyle chose to utilize the stock market as his tool to achieving financial independence. 36:44 - How an investor knows when they are ready to start investing in individual companies. 41:24 - How to quickly disqualify an investment. 43:44 - The best metric to filter on business quality. 72:27 - The edge that individual investors can have in picking stocks. 81:03 - Our favorite investing books. Disclaimer: Slight discrepancies in the timestamps 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, Kyle, and the other community members. Books mentioned: The Millionaire Next Door, 100 Baggers, The Psychology of Money, The Simple Path to Wealth, The Joys of Compounding, What I Learned About Investing From Darwin, Richer, Wiser, Happier, Invested, The Most Important Thing, The Warren Buffett Portfolio Check out Finchat. Episode Mentioned: TIP602: Same as Ever w/ Morgan Housel | YouTube Video. Related Episode: TIP604: Best Quality Idea Q1 2024 w/ Clay Finck & Kyle Grieve | YouTube Video. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. Follow Kyle on Twitter and LinkedIn. Follow Clay on Twitter and LinkedIn. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. 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: River Toyota NetSuite TurboTax Wise Fidelity CI Financial Linkedin Marketing Solutions Fundrise NDTCO Vacasa NerdWallet Babbel Shopify 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! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to TIP.
0:03.0	On today's episode, I'm joined by my co-host, Kyle Grieve, to discuss why we're so passionate
0:07.8	about investing in stocks and why we utilize the stock market to work towards achieving
0:12.4	financial independence.
0:14.0	I first discovered the stock market when I was 18 years old after reading a Warren Buffett biography,
0:19.4	and a couple years later I discovered the content you're listening to on this show now and my passion
0:24.6	for stocks has only grown from there.
0:27.2	During this chat, Kyle and I touch on how real life examples of compounding have influenced
0:31.4	us, why we set the financial goal of becoming financially
0:34.7	independent, how an investor might know when they're ready to start investing in individual companies,
0:39.7	how to quickly disqualify investment opportunities, the edge that individual investors can have in picking stocks,
0:46.2	our favorite investing books, and much more.
0:48.8	Also, I wanted to share some announcements related to our TIP mastermind community which will be included at the end of this episode.
0:55.7	There are some very exciting things coming up with the community including a Q&A with Brett Kelly,
1:00.5	founder and CEO of Kelly Partners Group, as well as a stock presentation by one of
1:04.8	our members in a social hour discussing stock ideas and current market conditions later this month.
1:10.6	We're also nearing our limit of 150 members. To learn more, be sure to stick around
1:15.9	until the very end of this episode. With that, I bring you today's chat with my
1:20.1	co-host Kyle Grieve.
1:30.0	Celebrating 10 years and more than 150 million downloads. You are listening to the Investors Podcast Network.
1:33.0	Since 2014, we studied the financial markets and read the books that influence self-made billionaires the most.
1:40.0	We keep you informed and prepared for the unexpected.
	...

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