The Stacking Benjamins Show

How To Become a Financial Mutant (with Brian Preston) SB1523

May 27, 2024

Financial expert Brian Preston discusses becoming a 'financial mutant' for long-term goals. AI-driven stock portfolios and trivia are covered. The importance of mentorship, wealth-building strategies, and investing early is highlighted. The power of compounding interest and navigating investment options are explained. Listener interactions, college funding options, and a summer giveaway are also featured.

01:14:58

Episode guests

Brian Preston

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Start early to let your money grow into significant wealth over time.

Visualize your money as an 'army of dollars' to see the impact of each dollar in building financial success.

Prioritize saving 20-25% of income, cutting unnecessary expenses, and investing in index funds for long-term financial stability.

Deep dives

The 88 Times Over Principle

For a 20-year-old, every dollar has the potential to become $88 over time, emphasizing the value of starting early and letting your money grow.

Introduction

2min

Money Mutants and Financial Strategies

6min

Exploring Stock Market Performance and AI Portfolio Creation

3min

Strategies for Financial Success and Diversification

4min

Maximizing Investment Growth Through Incremental Savings

11min

Banter and Trivia with Financial Mutants and Renaissance Artists

5min

Exploring the Significance of Mentorship with Brian Preston

2min

Navigating Wealth Building Strategies and Financial Influencers

5min

Building Wealth Through Saving and Investing

17min

10.

Building a Financial Foundation and the Launch of 'Millionaire Mission'

3min

11.

Harnessing the Power of Compounding and Navigating Investment Options

7min

12.

Exploring College Costs and Funding Options with Listener Interactions and Promotions

4min

13.

Summer Giveaway and Decoding Online Ads

7min

Learning a new language is difficult, and the language of money is no exception. Brian Preston from The Money Guys has created shortcut words and phrases like "financial mutant" to help you focus on what's important and ignore the rest. We'll discuss how to get started, the key moves to reach long-term goals, how to avoid making costly mistakes, and more. Whether you're someone just beginning your journey or a seasoned investor, there's a little something for everyone every time we speak with Brian.

In our headline segment, a publication decided to ask AI (Chat GPT) how to beat the stock market. The AI responded with advice, which we'll dive into thoroughly to see if this is the wave of the future. Even better news: beginning this week, we'll track this AI driven portfolio to see if it truly is a better way to invest than a collection of index funds (or just one index).

But that's not all. We also answer a question from a Stacker AND Doug shares his amazing trivia.

FULL SHOW NOTES: https://www.stackingbenjamins.com/become-a-financial-mutant-1523/

Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201

Enjoy!

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The Stacking Benjamins Show

How To Become a Financial Mutant (with Brian Preston) SB1523

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

The 88 Times Over Principle

Army of Dollars

20-25% Savings Goal

Making Health and Financial Improvements

Navigating Investment Choices and Target Date Funds

Remember Everything You Learn from Podcasts