The Importance of Investing in a Brokerage Account

This chapter discusses the importance of actually investing the money in a brokerage account, highlighting the difference between holding money and selecting investments. The speaker also talks about the default options and pitfalls that can lead to the money being held in a cash account rather than invested.

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Brennan Schlagbaum, better known as Budget Dog, talks about the state of financial education and how to take control of your financial future.

Brennan is a certified public accountant, investment coach, and author of Investing 101: Everything the Investor Needs to Know.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

05:41 - The strategy of paying down debt as fast as you can.

10:39 - How to manage the dynamic of living for now while striving towards financial goals.

12:18 - How should listeners approach paying off their students debts right now?

18:05 - Why you need to actually invest the cash in your investment accounts.

22:05 - What is currently wrong with our financial education system?

22:05 - How low-cost resources are going to change the future of financial education.

33:09 - Why a budget doesn’t have to be restrictive.

44:57 - Common mistakes that new investors make.

And much, much more!

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Related episode: Listen to MI087: How to Talk About Money w/ Erin Lowry, or watch the video.
Erin Lowry’s book Broke Millennial Talks Money.
Rick Ferri’s book The Power of Passive Investing.
All of Robert’s favorite books.

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SPONSORS

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⁠CFI Education⁠
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Connect with Brennan: Website | Twitter | Instagram

Connect with Robert: Website | Instagram

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