The Investing for Beginners Podcast - Your Path to Financial Freedom

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In this episode of At Any Rate, Evan Raidt and Andrew Sather dig into the four big reasons it feels so much harder to get ahead financially in 2026: housing is way less affordable, wage growth has stalled, personal debt is at record highs, and savings rates have plummeted.

They share stats that put today’s money struggles in context—and then get practical, with concrete moves you can make to survive (and even thrive) in this new reality: from budgeting and side gigs, to leveraging your network, getting transparent about money, and avoiding the debt traps that are everywhere.

Topics Covered:

Why housing is so much less affordable than it used to be

Stagnant wages: why most people’s income hasn’t kept up

The debt trap: how credit cards and easy financing make things worse

What’s behind plummeting savings rates (and how to fix yours)

Actionable strategies: budgeting, side gigs, investing, and using your “village”

Timestamps:

01:44 When was money “easier” — nostalgia vs reality

05:52 Housing affordability

09:16 How to make buying a home possible

13:50 Why budgeting is still the first step

18:00 Wages: why they’ve stalled, and how to actually get a raise

21:00 Side gigs, skill-building, and leveraging your network

25:19 The “village” approach

29:09 The debt trap

32:26 How wealthy people use debt

36:42 Should you pay off debt early?

40:42 Savings rates: why they’ve dropped, and how to build yours back up

Resources Mentioned

The Value Spotlight Newsletter: https://einvestingforbeginners.com/value-spotlight-newsletter/

Free monthly budgeting spreadsheet: https://einvestingforbeginners.com/budget/

Email Evan at [email protected]

Have questions or want your story featured? Email the show at [email protected] or comment below. Your feedback shapes the podcast!

Remember, financial freedom is built one smart move at a time. Keep it simple, keep it steady, and at any rate, we’ll see you next time.

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

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In this episode, Dave and Andrew mark a major investing milestone: Warren Buffett stepping down as CEO of Berkshire Hathaway. They use the moment to walk through the biggest lessons Buffett taught them as investors—why staying away from Wall Street noise can be an advantage, and why simple, common-sense thinking often wins.

The conversation covers core Buffett ideas like the “power of doing nothing,” staying inside your circle of competence, and treating Mr. Market as a servant—not a guide. They also dig into how Buffett built conviction, why reading and learning compounds over time, and how durable moats can drive long-term returns.

Key Topics Covered

Buffett stepping down: why his legacy matters for everyday investors

The “power of doing nothing” and ignoring market noise

Circle of competence & saying no to stay focused

Mr. Market: using volatility as opportunity, not direction

Moats & margin of safety

Timestamps

01:20 – Buffett steps down as CEO

02:41 – “Guy in Nebraska” vs Wall Street

06:03 – People expected the “elephant gun,” but he did nothing

07:33 – Ignore analyst reports

09:05 – Circle of competence

12:06 – Mr. Market is “psychotic”

13:48 – American Express salad oil scandal

16:48 – Reading and learning

22:33 – Buffett evolving: cigar butts to quality businesses

24:03 – Moat durability = longer runway for better returns

25:21 – Price awareness

28:12 – Margin of safety: “heads I win, tails I don’t lose much”

30:34 – Resources to learn more

Resources Mentioned

The Value Spotlight Newsletter: https://einvestingforbeginners.com/value-spotlight-newsletter/

Have questions or want your story featured? Email the show at [email protected] or comment below. Your feedback shapes the podcast!

Remember, invest with a margin of safety—emphasis on the safety. Have a great week, and we’ll talk to you next time.

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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Want to help us make the Investing for Beginners Podcast even better? Take our quick listener survey at https://einvestingforbeginners.com/podsurvey and you’ll be entered to win a $500 Amazon gift card next month. Bonus: the first 100 respondents also get free IFB swag.

This episode answers three listener questions to kick off the new year. First, Dave and Andrew break down the difference between Coca-Cola (KO) and Coca-Cola Consolidated (COKE)—why the brand/business model matters, what makes bottling and distribution a different kind of investment, and what to look for before assuming a “price drop” is automatically a buying opportunity.

Next, they tackle a common beginner question: how to think about NVIDIA compared to Apple and Google. Finally, they discuss why they sold Crown Castle (CCI) in the Real Money Portfolio—what changed in the thesis, how to think about selling at a loss, and why opportunity cost and ego can quietly wreck long-term returns.

Key Topics Covered

KO vs COKE

Why distribution can be a moat

NVIDIA vs Apple/Google: valuation, expectations, and forward returns

Crown Castle sale

Selling losers

Timestamps

00:01:32 – KO vs COKE

02:06 – What COKE actually is

03:22 – Capital intensity + ROIC differences

005:11 – COKE’s dividend changes + what’s driving the improved numbers

07:19 – Distribution matters: Celsius/Pepsi example + why moats can be distribution-driven

09:41 – How to think about analyzing distribution businesses

16:06 – KO growth expectations vs looking deeper at COKE’s recent performance

18:01 – Brand vs distributor over the long run

22:27 – Apple/Google vs NVIDIA

23:05 – Great company, but priced for huge expectations

29:34 – Valuation risk

30:17 – Why NVIDIA gets the warning vs Apple/Google

33:35 – Why they sold Crown Castle (CCI)

37:48 – Selling at a loss

Resources Mentioned

The Value Spotlight Newsletter: https://einvestingforbeginners.com/value-spotlight-newsletter/

Have questions or want your story featured? Email the show at [email protected] or comment below. Your feedback shapes the podcast!

Remember, invest with a margin of safety—emphasis on the safety. Have a great week, and we’ll talk to you next time.

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

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Today’s show is sponsored by:

Go to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠SHOPIFY.COM/beginners⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to start selling with Shopify today. ⁠⁠⁠https://www.shopify.com/beginners⁠⁠⁠

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In this listener Q&A episode of At Any Rate, Evan Raidt answers two practical questions from Keaton: how to estimate the after-tax value of 401(k) contributions, and how to save for unpredictable big expenses like car repairs and home maintenance.

First, Evan explains why 401(k) dollars can’t be compared directly to normal spending or savings—because they’re pre-tax. Then he shifts to emergency funds: where to keep them, what they should cover, how much to aim for.

Topics Covered:

Why 401(k) contributions aren’t apples-to-apples with normal spending

A simple method to estimate your effective tax rate and convert 401(k) contributions to an after-tax equivalent

Emergency funds

What emergency funds should cover

Timestamps:

00:59 Welcome back

02:14 Keaton’s questions: after-tax 401(k)

03:41 Why 401(k) money can’t be compared directly to other dollars

05:34 What this “after-tax equivalent” is for

06:21 Step 1: find taxable income on your last federal tax return

07:32 Step 2: estimate effective tax rate

09:10 Step 3: reduce 401(k) contributions by that rate (apples-to-apples

12:23 Emergency fund basics

14:29 Why a credit card is NOT an emergency fund

21:33 How much to save

Resources Mentioned

The Value Spotlight Newsletter: https://einvestingforbeginners.com/value-spotlight-newsletter/

Free monthly budgeting spreadsheet: https://einvestingforbeginners.com/budget/

Podcast survey: https://einvestingforbeginners.com/podsurvey/

Email Evan: [email protected]

Have questions or want your story featured? Email the show at [email protected] or comment below. Your feedback shapes the podcast!

Remember, invest with a margin of safety—emphasis on the safety. Have a great week, and we’ll talk to you next time.

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

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In this episode, the Pitch Team (Tyler, Brandon, and Constantin) gets into a practical conversation about what to do when your portfolio feels “too hot” and you’re worried about a downturn. The group talks through how risk tolerance, time horizon, and having an actual exit plan matter more than trying to time the market.

They also dig into what “defensive” really means in real life—comparing sectors like real estate, healthcare, utilities, energy, insurance, and banks—and why even “safe” areas can still drop when the overall market sells off.

Key Topics Covered

Reducing concentration risk and thinking in portfolio allocation terms

“Don’t fiddle” vs making smart adjustments as your timeline shortens

Defensive sectors

Dividend thinking

Comparing “defensive” companies

Timestamps:

00:00:58 – Retirement portfolio feels overexposed

00:03:01 – “Climbing the wall of worry”

00:04:51 – The real question: if you sell and the market keeps going up, how will you feel?

00:05:10 – Brandon trims QQQM and reallocates

00:10:36 – “Have an exit plan”

00:14:00 – Conservative mindset & Buffett rules (“don’t lose money”)

00:15:04 – Time horizon matters

00:16:28 – “Don’t fiddle”

00:19:08 – Defensive sectors

00:23:34 – Real estate & REIT framing

00:26:52 – Walmart vs Amazon as “defensive” plays

00:30:31 – Costco enters the debate

00:36:21 – PayPal as a dividend payer

00:38:35 – Regulation risk 

00:41:18 – DRIP vs conviction

00:44:01 – UnitedHealth: “too big to fail?”

00:47:05 – Are banks defensive? Exposure matters!

00:53:04 – PayPal vs Nubank

01:03:29 – “Bet the house”

Resources Mentioned

The Value Spotlight Newsletter: https://einvestingforbeginners.com/value-spotlight-newsletter/

Have questions or want your story featured? Email the show at [email protected]⁠⁠⁠⁠⁠ or comment below. Your feedback shapes the podcast!

Remember, invest with a margin of safety—emphasis on the safety. Have a great week, and we’ll talk to you next time.

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

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⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠SUBSCRIBE TO THE SHOW ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Apple⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Spotify⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Amazon⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Tunein

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In this episode, Andrew sits down with Samit Umatiya, Managing Partner at UIG, to talk about how he went from day trading to running a value-oriented investment fund.

They dig into what “value” actually means in practice, how Samit thinks about free cash flow, and why qualitative factors like management alignment matter just as much as the numbers. The conversation also covers biases like sunk cost fallacy, how to fight FOMO, and what Samit looks for when deciding whether a stock is truly worth buying.

Key Topics Covered:

Samit’s shift from day trading to value investing

What “value” means

Free cash flow

Qualitative analysis

Biases and discipline: sunk cost fallacy, FOMO, conviction, and buying right

Timestamps:

01:21 – How Samit got started

04:06 – “Less activity, better returns”: compounding and long-term mindset shift

05:00 – What “value” means (subjective)

11:16 – Avoiding Wall Street noise

13:09 – VEON thesis

15:37 – Valuation = quantitative + qualitative

18:32 – How to start reading statements

20:04 – Management alignment: track record, equity ownership, background, incentives

24:02 – Sunk cost fallacy

33:01 – Why under $2B market cap can be a sweet spot

34:31 – Why he avoids MAG7/AI hype

39:07 – Fighting FOMO

42:22 – Is WSJ/Bloomberg worth it? Quality journalism as an investment

45:39 – “If it isn’t really obvious, don’t buy it”

46:58 – Buy point matters most; sell can be imperfect if you bought right

Resources Mentioned:

The Value Spotlight Newsletter: https://einvestingforbeginners.com/value-spotlight-newsletter/

Follow Samit Umatiya on LinkedIn: linkedin.com/in/samitumatiya

UIG (Umatiya Investment Group)

 https://www.linkedin.com/company/uig-funds/

Have questions or want your story featured? Email the show at [email protected] or comment below. Your feedback shapes the podcast!

Remember, invest with a margin of safety—emphasis on the safety. Have a great week, and we’ll talk to you next time.

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

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In this episode of At Any Rate, Evan Raidt and Dave Ahern break down the basics of wills—what they are, why they matter, and how they can save your loved ones months of stress if something unexpected happens. Dave shares why he set up his will after a health scare, plus a real story from his banking days that shows how messy things can get when someone passes without a plan.

They also walk through practical options for creating a will, why you should keep beneficiaries updated on your accounts, and how to store and share your documents so your family can actually find them when it counts.

Topics Covered:

What a will actually does

The real-world mess that happens when someone dies without a will

How to get a will

Storage & access

The 3 tiers

Timestamps:

00:00 Why this “boring” topic matters

01:45 Why Dave got a will (health scare)

02:33 What a will is & what it covers

04:41 Why wills prevent confusion and family conflict

06:40 Real story

09:05 Why this is about protecting your loved ones (not you)

11:15 Leaving money to a charity

12:50 Where to get a will: DIY, attorney, or LegalZoom

15:35 The “bare minimum” step

17:55 What banks may require

20:40 How to store your will safely 

24:30 The 3 tiers explained

Resources Mentioned

Free monthly budgeting spreadsheet: https://einvestingforbeginners.com/budget/

Have questions or want your story featured? Email the show at [email protected] or comment below. Your feedback shapes the podcast!

Remember, financial freedom is built one smart move at a time. Keep it simple, keep it steady, and at any rate, we’ll see you next time.

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In this first episode of 2026, Dave and Andrew revisit The Intelligent Investor by Benjamin Graham and explain why it’s still worth your time—even if some parts feel dated. They break down the timeless principles Buffett has praised for decades, especially the ideas that help you stay rational when the market (and your emotions) get loud.

They also get practical: what “investing vs. speculating” actually means, how to learn a business if you’re serious about picking stocks, and why inflation quietly erodes your buying power.

Key Topics Covered:

Why The Intelligent Investor still matters (and why Buffett points to Chapters 8 and 20)

Investing vs. speculating

How to learn a business (10-Ks + Investor Relations) and why reading matters

Inflation: how it erodes buying power and affects investors and businesses

Mr. Market & margin of safety:

Timestamps:

00:33 – Why The Intelligent Investor is still timeless

01:38 – Why it’s a “foundation book” for mindset and emotional control

02:32 – Investing vs. speculating

03:48 – Analysis/business = investing; price movement = speculating

06:21 – How to learn a business

08:12 – Investor Relations pages

08:41 – If you don’t like reading

09:22 – Index funds/ETFs as a legit alternative

11:35 – Inflation basics

14:15 – Risk/return ladder

16:11 – Inflation’s “double-edged sword” for businesses (revenue vs margins)

19:01 – Pricing power example

21:36 – Declines are normal and volatility is part of the game

25:33 – Mr. Market explained

33:34 – Margin of safety

Resources Mentioned:

The Value Spotlight Newsletter: https://einvestingforbeginners.com/value-spotlight-newsletter/

Have questions or want your story featured? Email the show at [email protected] or comment below. Your feedback shapes the podcast!

Remember, invest with a margin of safety—emphasis on the safety. Have a great week, and we’ll talk to you next time.

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

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In this episode, Dave and Andrew run through a 2025 stock market year-in-review, using the “Spotify Wrapped” idea as the framing device. They cover how the major indexes performed, why the year felt weird depending on where you were invested, and how the AI boom shaped returns across the market.

They also dig into the investing psychology behind FOMO, chasing winners, and dealing with volatility—especially when the broader market is up but your portfolio (or specific holdings) might be down big. 

Key Topics Covered:

2025 market returns (S&P 500, NASDAQ, Dow) and what they imply going forward

The AI boom, NVIDIA’s dominance, and the “you might be early” lesson from the dot-com era

Sector winners and why energy/infrastructure matters for AI

FOMO, chasing top performers, and how to approach cyclical industries

Volatility, expectations, and what to do when a stock is down big

Timestamps:

00:19 – Intro: 2025 stock market year in review

01:07 – Index performance

02:48 – The big themes of 2025: AI boom + profitability questions

04:18 – Should you buy NVIDIA now?

07:35 – Getting AI exposure without owning NVIDIA

11:57 – Sector winners

14:11 – Stocks that doubled

19:16 – How to handle cyclicals

21:20 – Normalizing margins to value cyclical businesses

24:10 – Volatility “panic attacks” and why zooming out matters

29:27 – What to do when a stock is down big: fundamentals first

38:30 – Podcast Spotify Wrapped: 3M minutes listened

41:29 – Wrap-up: see you in 2026

Resources Mentioned:

The Value Spotlight Newsletter: https://einvestingforbeginners.com/value-spotlight-newsletter/

Have questions or want your story featured? Email the show at [email protected] or comment below. Your feedback shapes the podcast!

Remember, invest with a margin of safety—emphasis on the safety. Have a great week, and we’ll talk to you next time.

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

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You can download Evan’s free monthly budgeting spreadsheet here: https://einvestingforbeginners.com/budget/

In this episode of At Any Rate, Evan Raidt is joined by Andrew Sather to talk about something most investors don’t realize is shaping their decisions: the market environment you “grew up” in. Andrew shares what it was like starting to invest in 2012 in the shadow of the Great Financial Crisis—when fear was high, bonds were still considered “prudent,” and energy stocks dominated the conversation.

Together, they break down the pros and cons of starting in an up market, down market, or flat market, how recency bias and herd mentality mess with your judgment, and why the best antidote is simple: more education, consistency, and automation.

Topics Covered:

How your “starting market” imprints your investing mindset (up, down, or flat)

Andrew’s 2012 investing experience vs. Evan’s late-2021 experience

Recency bias, herd mentality, and why fear/greed can flip your decisions

Practical ways to stay grounded: education, consistency, and automation

Avoiding “next big thing” FOMO (AI hype, NVIDIA chasing, Buffett comparisons)

Timestamps:

00:00 Why your investing “timeline” matters

01:03 Andrew’s first stock purchase

02:35 Post-GFC mindset

04:30 2012 market vibe

05:30 Why Andrew stayed frugal but kept investing

07:05 Evan’s late-2021 start

08:35 “This is easy” mindset—and the warning from a mentor

10:25 The moment it flipped

13:45 Three market “start” scenarios

16:05 Down-market cons

18:30 Greedy vs. fearful

24:50 Practical takeaways

29:15 Andrew’s advice for new investors today

33:00 Closing

Resources Mentioned:

Free monthly budgeting spreadsheet: https://einvestingforbeginners.com/budget/

Email the team: [email protected]

Email Evan: [email protected]

Have questions for Evan or Andrew about getting started (or staying consistent no matter what the market’s doing)? Comment below or email Evan—he’d love to hear from you.

Remember, financial freedom is built one smart move at a time. Keep it simple, keep it steady, and at any rate, we’ll see you next time.

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

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Download the⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Plynk app⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ today to start building your investing confidence: ⁠⁠⁠⁠https://plynkinvest.app.link/IFB⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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