The Importance of Investing in a Brokerage Account | 15min snip from The Intrinsic Value Podcast

Get the app

MI Rewind: Take Control of Your Financial Future w/ Brennan Schlagbaum

The Intrinsic Value Podcast - The Investor’s Podcast Network

chevron_right

notes

CHAPTER

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.

00:00

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

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.

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:

Range Rover
Airbnb
Toyota
Public
NetSuite

Connect with Brennan: Website | Twitter | Instagram

Connect with Robert: Website | Instagram

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

Learn more about your ad choices. Visit megaphone.fm/adchoices

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.

Home Top podcasts Popular guests