3313: How Not to Invest $100,000 by Chris Reining on Investing & Building Wealth

3313: How Not to Invest $100,000 by Chris Reining on Investing & Building Wealth

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3313: Chris Reining illustrates the pitfalls of active investing through the story of a man who lost money by constantly tinkering with his $100,000 portfolio. Reining emphasizes that the keys to successful investing are patience and viewing stocks as ownership in companies rather than mere prices. By adopting a long-term, buy-and-hold strategy, investors can avoid common mistakes and build wealth more effectively. Read along with the original article(s) here: https://chrisreining.com/invest-100000/ Quotes to ponder: "The stock is not the company and the company is not the stock." "Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years." "All the research shows being an active investor is what makes you poor." Episode references: The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926 Learn more about your ad choices. Visit megaphone.fm/adchoices

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038: Happiness First, Then Everything Else by Steve Pavlina of StevePavlina.com

038: Happiness First, Then Everything Else by Steve Pavlina of StevePavlina.com

Optimal Living Daily: Reading you the best content on personal development, productivity, and minimalism. Episode 38: Happiness First, Then Everything Else by Steve Pavlina of StevePavlina.com (Becomi...

18 Tammi 201610min

037: On Failing Gracefully by Colin Wright of ExileLifestyle.com

037: On Failing Gracefully by Colin Wright of ExileLifestyle.com

Optimal Living Daily: Reading you the best content on personal development, productivity, and minimalism. Episode 37: On Failing Gracefully by Colin Wright of ExileLifestyle.com (Why Failure and Losin...

17 Tammi 201610min

036: The Shockingly Simple Math Behind Early Retirement by Mister Money Mustache of MrMoneyMustache.com

036: The Shockingly Simple Math Behind Early Retirement by Mister Money Mustache of MrMoneyMustache.com

Optimal Living Daily: Reading you the best content on personal development, productivity, and minimalism. Episode 36: The Shockingly Simple Math Behind Early Retirement by Mister Money Mustache of MrM...

16 Tammi 201610min

035: 10 Benefits of Rising Early, and How to Do It by Leo Babauta of Zen Habits

035: 10 Benefits of Rising Early, and How to Do It by Leo Babauta of Zen Habits

Optimal Living Daily: Reading you the best content on personal development, productivity, and minimalism. Episode 35: 10 Benefits of Rising Early, and How to Do It by Leo Babauta of Zen Habits (How an...

15 Tammi 201613min

034: Letting Go of Sentimental Items by Joshua Fields Millburn of The Minimalists

034: Letting Go of Sentimental Items by Joshua Fields Millburn of The Minimalists

Optimal Living Daily: Reading you the best content on personal development, productivity, and minimalism. Episode 34: Letting Go of Sentimental Items by Joshua Fields Millburn of The Minimalists (How ...

14 Tammi 201611min

033: How to Stop Complaining by Steve Pavlina of StevePavlina.com

033: How to Stop Complaining by Steve Pavlina of StevePavlina.com

Optimal Living Daily: Reading you the best content on personal development, productivity, and minimalism. Episode 33: How to Stop Complaining by Steve Pavlina of StevePavlina.com (Overcoming Negativit...

13 Tammi 201612min

032: Great News - Early Retirement Doesn't Mean You'll Stop Working by Mr. Money Mustache of MrMoneyMustache.com

032: Great News - Early Retirement Doesn't Mean You'll Stop Working by Mr. Money Mustache of MrMoneyMustache.com

Mr. Money Mustache is a thirty-something retiree who now writes about how we can all live a frugal, yet awesome, life of leisure. He and his wife studied engineering and computer science in Canada, th...

12 Tammi 201613min

031: 10 Ways to Simplify Your Budget by Leo Babauta of ZenHabits.net

031: 10 Ways to Simplify Your Budget by Leo Babauta of ZenHabits.net

Optimal Living Daily: Reading you the best content on personal development, productivity, and minimalism. Episode 31: 10 Ways to Simplify Your Budget by Leo Babauta of ZenHabits.net (Plus a Free Budge...

11 Tammi 201612min

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