Should Investing Versus Paying Down Debt Be Done Together?

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When we bought our house, it was a 10 and a half percent annual percentage rate on the loan. Our mental models about personal finance were very unsvisticated. We want to help them with college because our parents helped. If we have our house paid for by the time the kids are in college, then it'll work out. You'll probably get a better return in other places but that doesn't mean that there aren't psychological advantages or cash flow advantages within your life that may make it interesting to pay it down sooner.

Robert Leonard chats with Chris Pedersen, who is an engineer by training, and new opportunity finder by nature & Paul Merriman, who is a nationally recognized authority on mutual funds, index investing, and asset allocation. They talk about how young investors should be thinking about inflation, financial advisors, ETF investing strategies, how to supercharge and simplify your investments, how to start a financial education non-profit and more!

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

02:26 - Why a financial education foundation was needed.

14:15 - The difference between fee-based and AUM financial advisors.

21:26 - What the ultimate buy and hold strategy is.

24:29 - How to simplify your investing and maximize returns with ETFs.

38:52 - How young investors should be thinking about inflation.

43:55 - Misconceptions around money and investing.

And much, much more!

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

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