White Coat Investor Podcast

WCI #238: 2021 Financial Book Reviews

Nov 25, 2021
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ADVICE

Make Continuing Financial Education A Habit

  • Read at least one good financial book a year and follow blogs or podcasts to stay current.
  • Use continuing financial education to track changes like tax law shifts and improve decisions.
ADVICE

Use Quarterly Family Board Meetings

  • Hold a quarterly 'family board meeting' with each child to connect and teach financial lessons.
  • Make it at least four hours, activity-chosen by the child, no electronics, and include a short reflection.
INSIGHT

Systematic Way To Evaluate Passive Deals

  • Passive investments like syndications and funds can be evaluated systematically with clear criteria.
  • Bryan Burke's approach teaches how to vet sponsors, deal structure, and investment metrics.
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