Managing Debt and Investing for Financial Flexibility | 5min snip from The Intrinsic Value Podcast

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

The Intrinsic Value Podcast - The Investor’s Podcast Network

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CHAPTER

Managing Debt and Investing for Financial Flexibility

Exploring the significance of debt repayment, this chapter highlights prioritizing non-mortgage debts above a certain interest rate. It provides insights on balancing debt payments with investments, advocating for aggressive mortgage repayment alongside substantial income allocation towards investments for future financial flexibility.

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Episode notes

On today’s Millennial Investing Rewind Episode, Robert Leonard chats with Brennan Schlagbaum to talk 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 going to change the future of financial education.

37:09 - Why a budget doesn’t have to be restrictive.

44:57 - Common mistakes that new investors make.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

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Recommended Book: Broke Millennial Talks Money by Erin Lowry.
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