Inside Out Money 135. The get rich quick trap - Why slow and boring wins the money race
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Nov 3, 2025 Exploring the allure of quick riches, the hosts discuss the common misconception that luck equals skill in investing. They debunk get-rich-quick schemes, revealing how these fantasies prey on our fears and desires. Highlighting the effectiveness of simple strategies, they argue that consistent, boring investing often trumps complex, high-risk approaches. The conversation also touches on red flags of dubious investment pitches and the emotional manipulation behind influencer marketing. Ultimately, they advocate for steady wealth-building through disciplined saving and low-cost index fund investing.
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Simple Consistency Beats Viral Shortcuts
- Many people chase shortcuts and assume complicated strategies beat simple ones.
- The hosts argue wealth grows via patient, consistent actions, not viral hacks.
A Real Pitch Triggered This Episode
- Maggie received a detailed pitch from someone recommending a specific strategy.
- That example sparked the episode and showed how people sell easy paths to wealth.
Complexity Sells Fees, Not Returns
- People equate complexity with superiority and assume complicated investing is better.
- Financial firms often justify fees by making strategies sound complex.
