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You are here: Home / Podcast / 119: Investing Won’t Make You Rich

119: Investing Won’t Make You Rich

August 10, 2016 by David Stein · Updated November 14, 2020

The primary role of investing is to preserve your wealth not grow it. How then do we grow our wealth?

Attachment-1 (39)

In this episode you’ll learn:

  • How having an income stream from the real economy is the way to growth wealth.
  • How investing in public and private markets preserves wealth from inflation.
  • The 5 things you need to know to invest:
  1. No one knows what is going to happen.
  2. You are going to make mistakes.
  3. You need to understand investment conditions.
  4. Investment returns are driven by math and emotion.
  5. Focus on asset classes.

Show Notes

Mind the Gap Retirement Spending Spreadsheet