In this episode of Investing for Beginners, hosts Dave and Andrew welcome Carl Richards, a certified financial planner and author, to discuss his upcoming book and share insights into financial investing. Carl offers a fresh perspective on the importance of focusing on long-term goals rather than the daily fluctuations of the stock market. He emphasizes the distinction between investing and speculating, the value of simplicity in investment strategies, and practical tips for managing personal finances, including budgeting and understanding risk. Carl also addresses the psychological aspects of investing, such as the influence of financial media and the importance of cultivating a healthy comparison set.

00:00 Introduction and Guest Welcome

00:30 The Hype Around Market News

02:53 Long-Term Investment Strategies

07:41 Understanding Risk in Investing

15:41 The Importance of Budgeting

24:32 Comparison and Financial Behavior

30:31 Conclusion and Book Promotion

Timestamps are generated by artificial intelligence, and are not 100% accurate depending on the platform used for listening.

Pre-order Carl's book here: Your Money: Using Money, Energy, Time, and Attention to Build Your Best Life

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