In this episode of our personal finance series, host Evan Raidt is joined by Andrew Sather to discuss actionable steps for beginners looking to start investing.

They emphasize the importance of building an emergency fund, setting up a brokerage account, making the first investment, and automating future investments.

The episode also covers basic insights into the stock market, the significance of consistency, and how to manage emotions during market fluctuations.

Listeners are guided through practical steps and are encouraged to begin their investment journey with confidence.

00:00 Introduction and Welcome

00:25 Recap and Today's Topic

01:14 Investing Mindset and Consistency

04:38 Understanding the Stock Market

07:04 The Power of Compounding

14:43 Emergency Fund Essentials

20:30 Opening a Brokerage Account

23:41 Avoiding Hidden Fees in Your Investment Account

23:53 Choosing the Right Type of Investment Account

24:05 Retirement Accounts vs. Taxable Accounts

25:37 First-Time Investment Recommendations

27:08 Making Your First Investment

29:44 Automating Your Investments

32:30 Understanding Dividend Reinvestment Plans (DRIP)

35:52 Handling Market Fluctuations

42:16 Encouragement for New Investors

Timestamps are generated by artificial intelligence, and are not 100% accurate depending on the platform used for listening.

Today’s show is sponsored by:

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What do Dave and Andrew recommend?

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Andrew works really hard to find the best insights he can every single month at ⁠⁠⁠⁠⁠⁠⁠⁠⁠Value Spotlight⁠⁠⁠⁠⁠⁠⁠⁠⁠. To see a sample of his previous work, go to ⁠⁠⁠⁠⁠⁠⁠⁠⁠stockwriteup.com⁠⁠⁠⁠⁠⁠⁠⁠⁠.

Have questions? Send them to Evan at [email protected] or  ⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠

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