The Diary Of A CEO with Steven Bartlett

The Top 7 Money Making Hacks For 2025 That Are PROVEN To Work! Do Not Buy A House! Do This Instead!

1201 snips
Dec 30, 2024
Ramit Sethi, a personal finance expert, discusses breaking free from paycheck-to-paycheck living and the transformative power of compound interest. Codie Sanchez offers insights on leveraging skills for wealth creation and challenges traditional views on homeownership. Morgan Housel emphasizes the importance of patience in investing and shares strategies for capital allocation. They collectively debunk common financial myths, advocate for smart investments, and highlight innovative approaches to managing taxes, all aimed at thriving in the new financial landscape.
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ADVICE

Target Date Funds

  • Start investing with a target date fund based on your retirement year.
  • Automate monthly contributions for a simple, diversified approach.
ADVICE

Choosing a Brokerage

  • Find low-cost brokerage firms like Vanguard, Schwab, or Fidelity.
  • Use their platforms, but avoid gamified investing apps.
ANECDOTE

Investments vs. Checking

  • Steven Bartlett's friend withdrew investments for bills, treating it like checking account.
  • Ramit Sethi advises separate accounts for investing and expenses.
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