The Intrinsic Value Podcast - The Investor’s Podcast Network

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

Mar 1, 2024

The podcast discusses strategies for paying down debt quickly, managing finances while living in the present, the flaws in the financial education system, the importance of investing cash in investment accounts, and common mistakes new investors make. It also covers the benefits of low-cost resources for financial education, the importance of a budget that isn't restrictive, and the significance of starting the investment journey at a young age.

46:06

Episode guests

Brennan Schlagbaum

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Episode notes

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Quick takeaways

Creating and sticking to a detailed budget is essential for financial success and understanding spending habits.

Conduct thorough research before investing, avoiding the common mistake of chasing returns based on past performances.

Start investing early to leverage the benefits of compounding and prioritize passive index fund investing for long-term growth.

Deep dives

The Importance of Budgeting for Financial Control

Budgeting is highlighted as a crucial tool for financial management, allowing individuals to track and control where their money is spent. Emphasizing the need for a detailed budget, the podcast stresses that understanding where funds are allocated is fundamental for personal finance success. The advice given is to create a budget either individually or with a spouse to gain clarity on financial habits, ensuring a strong foundational understanding of expenses.

Introduction

4min

Managing Debt and Financial Strategies within Relationships

4min

Managing Debt and Investing for Financial Flexibility

5min

Financial Education and Student Loan Repayment Advice

5min

Investing for Retirement Growth

12min

Exploring Networking Opportunities and Sponsored Content Highlights

6min

Building Real Relationships and Understanding Budgets

10min

Key advice on starting investment and managing finances effectively

5min

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.

BOOKS AND RESOURCES

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Recommended Book: Broke Millennial Talks Money by Erin Lowry.
Recommended Book: The Power of Passive Investing by Rick Ferri.
Check out the books mentioned in the podcast here.

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