The Investing for Beginners Podcast - Your Path to Financial Freedom

By Andrew Sather, Stephen Morris, and Evan RaidtBusiness Investing

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The Investing for Beginners Podcast - Your Path to Financial Freedom episodes

March 26, 2020 IFB144: Years of Budgeting Simplified with Andy Shuler

Announcer (00:00):

You’re tuned in to the Investing for Beginners podcast.
Finally, step by step premium investment guidance for beginners led by Andrew
Sather and Dave Ahern. To decode industry jargon, silence crippling confusion,
and help you overcome emotions by looking at the number, your path to financial
freedom starts now.

Dave (00:36):

All right folks, welcome to Investing for Beginners
podcast. This is episode 140 tonight. Andrew and I have a little special guest.
We have Andy Shuler with us tonight. Andy is a regular contributor to the blog
that Andrew started einvesting for beginners podcast a while ago, and so we’re
going to talk to Andy today about some of his ideas about personal finance. We
thought we would go off topic a little bit and maybe move away from Coronavirus
and all the death, doom, and despair that’s out there, and maybe guys give you
guys some refreshing news and something good and fun that’s going on out in the
world. So Andy, why don’t you tell us a little bit about yourself, where you’ve
been, what you’re doing, kind of how you got started, all that kind of fun
stuff.

Andy (01:16):

Yeah, sure thing. First of all, I want to say thanks for
having me on. I’m happy to talk about this. As you said, I’ve been, I’ve, I’ve
written quite a few blogs, so it’s, it’s kind of exciting to get back to the
basics with all the coronavirus stuff going on. You know, you can kind of look
at your personal finance, something you have a little bit more control over
then than what you might have in the market at all times. But, so as you said,
I’ve been doing this for a little while. Just a little background about myself.
I’ve kind of, you know, been through all different, all different areas of
life, especially when it comes to personal finance. I think I could probably
write almost a book and all the mistakes you don’t want to make. I mean, I’ve
opened credit cards in college and maxed them out, you know, with the sole
purpose of not having to work a job. I was in school gone through times where,
you know, I’ve cashed out a 401k or got a 401k loan, and you know, everyone
talks about how those are probably one of them, the worst things that you want
to do. But just really just gone through a lot of trials and tribulations.
They’re all my time off, you know, learning mistakes or making mistakes, trying
to learn from them. And my, my investing journey I’ll say didn’t fully kick off
until,

Andy (02:31):

Oh, man. Probably 2017 or 2018. I’m trying to think. It
was a few years ago, but it was, you know, listening to this podcast and a few
other podcasts. So it feels full circle be able to come on and share some of my
stories after, after posting on the blog for so long.

47 min
March 19, 2020 IFB143: Why Investing in a Bear Market is Really Hard

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50 min
March 19, 2020 IFB143: Why It’s Hard to Invest in a Bear Market

Announcer (00:00):

You’re tuned in to the Investing for Beginners podcast.
Finally, step by step premium investment guidance for beginners led by Andrew
Sather and Dave Ahern. To decode industry jargon, silence crippling confusion,
and help you overcome emotions by looking at the numbers, your path to
financial freedom starts now.

Andrew (00:35):

All right folks, so welcome to Investing for Beginners
podcast. This is episode 143 tonight. Andrew and I are going to talk about why
investing in a bear market is really hard in case you’ve lived under a rock
recently. The stock market has been up and down, mostly down a lot over the
last week to two. And so we thought we would kind of talk a little bit about a
bear market because we’ve officially entered a bear market territory. As of
today, I believe we were down around 23% so far for the year. So that is
officially a bear market when we get below 20%. So Andrew thought this would be
appropriate for us to discuss this. So, Andrew, I’m going to turn it over to
you and let you get us started and then we’ll just kind of go down a rabbit
hole.

Andrew (01:21):

Yeah, I love it. Watch our timing be that this bear market
recovered by the time this goes live. Yeah. I guess last time we talked about
Coronavirus, it just happened to be still relevant a week later. Podcasts see
you gotta you got a little tape delay, not a little bit longer than what they
do with live TV these days. A little bit longer than five seconds. Yeah,
exactly.

Andrew (01:55):

I think there’s a lot of emotions that go on and certainly
regardless of how experienced you are, how knowledgeable you are and how
rational you believe you are when it comes to stocks when it comes to investing
when it comes to the market how disconnected you think you are versus how
ingress you are with everything that goes in the stock market. I think it’s safe
to say that a lot of different thoughts go in your head that you don’t usually
think when stocks are excellent and you know, their stocks are slowly climbing
up, and you don’t see much volatility. Looking at a situation like this with
the bear market and you know, a lot of macro trends that are very concerning.
We have the Coronavirus which

Andrew (02:48):

As of late as of today, we had the NCAA championship
close. The NBA season’s been suspended. Like you know, you name it right on top
of that we have interest rates, baseball based. Sorry, Dave. I know, I know.
Out of everything, that was the one thing that you lamented today. I texted you
earlier, I think it was like, Oh, by the way, you know the stocks down 20%,
whatever,
46 min
March 12, 2020 IFB142: Listener Questions: How to Start a Dividend Portfolio and Asset Allocation

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44 min
March 05, 2020 IFB141: What To Do When The Sky Is Falling

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55 min
February 27, 2020 IFB140: Simple Ways to Save Money on Car Maintenance

Announcer (00:00):

You’re tuned in to the Investing for Beginners podcast.
Finally, step by step premium investment guidance for beginners, led by Andrew
Sather and Dave Ahern. To decode industry jargon, silence crippling confusion,
and help you overcome emotions by looking at the numbers, your path to
financial freedom starts now.

Dave (00:36):

All right folks, welcome to Investing for Beginners
podcast. This is episode 140 tonight. Andrew and I are going to take a little
bit of a detour on that. Talk about something he would not talk about. But
before we’re going to talk a little bit about cars. We’re going to talk about
car maintenance and the compounding interest that you can get from car
maintenance. So Andrew had some great ideas that he wanted to share with you
guys cause he’s, he’s had some car problems recently, and this has sparked an
interest in this. And so he, and I thought we could riff on that a little bit.
So, Andrew, I’m going to go ahead and turn over the keys to you, and we’re
going to go from there.

Andrew (01:09):

Very nice. Yeah, toss over. I, I think, you know, I
thought about this topic before we got on and I know it’s not the most exciting
of topics because either car isn’t interesting to you or you think you make a
lot of money. Like you could also be in a position where it’s like, well, I
like cars so much that you know, I’m going to spend as much money on them as I
want. Or you could be like the third situation where it’s like, I have so much
money that car expenses aren’t a lot to me. And so like Mr. Wonderful and Shark
Tank, you can’t relate. So you know, whether you fall in either of those three
categories, I want to challenge some commonly accepted ideas about cars and car
payments and car maintenance because for the middle class, outside of housing
costs or rent costs, your car costs are going to be pretty high up there.

Andrew (02:20):

You start throwing gas into the equation. Now you’re
talking about, you know, not, and not an insignificant amount. So when you
start to break it down, and we’ve talked all over and over and over and over
again about how you can take small amounts of money and by using compound
interest and investing that over the years and, and letting those dividends
come in and reinvesting those you can make small amounts of money turn into big
amounts. And so, you know, if you’re somebody who, let’s say you’re, you have a
lot of wealth and, and some of these car expenses don’t mean anything to you.
While maybe that difference in compound interest, you know, let’s say you’re
thinking about buying a Tesla now, and instead you downgrade; hopefully, you’re
inspired by the episode. Maybe you downgrade to like a middle-sized luxury
30 min
February 20, 2020 IFB139: Beginners Guide to Investing in Bonds

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49 min
February 13, 2020 IFB138: How The News Can Affect Your Investments

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33 min
February 06, 2020 IFB137: How to Control Your Emotions When Selling a Stock

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35 min
January 30, 2020 IFB136: Investors Don't Know Anything (About the Future)

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31 min

About The Investing for Beginners Podcast - Your Path to Financial Freedom

From the publisher's feed

The Investing for Beginners Podcast teaches you how to buy your first stocks and build long-term wealth in the stock market— without the hype or confusing jargon.