12 Steps to Financial Independencehttps://astotz.kartra.com/page/12-Steps-To-Financial-Independence (Download the 12 Steps to Financial Independence cheat sheet.)
In this episode, Andrew Stotz explains the 12 steps to financial independence.
1. Have no written financial planSolution: Create a plan and follow it
2. Allow others to complicate your investingSolution: Keep investing simple
3. Think short term; start too lateSolution: Start early; time really is money
4. Want to get rich quick in the marketSolution: Get real about stock market return
5. Rely on others too muchSolution: Do it yourself
6. Make big mistakes early in lifeSolution: Avoid mistakes when you are young
7. Do not save enough moneySolution: Build wealth through savings
8. Underestimate the impact of feesSolution: Keep financial costs low
9. Take too much riskSolution: Diversify to reduce risk
10. Ignore bonds in favor of stocksSolution: Own both stocks and bonds
11. Trade too muchSolution: Trade infrequently
12. Try to time the marketSolution: Stay invested and watch it grow
Andrew’s bookshttps://amzn.to/3qrfHjX (How to Start Building Your Wealth Investing in the Stock Market)
https://amzn.to/2PDApAo (My Worst Investment Ever)
https://amzn.to/3v6ip1Y (9 Valuation Mistakes and How to Avoid Them)
https://amzn.to/3emBO8M (Transform Your Business with Dr.Deming’s 14 Points)
Andrew’s online programshttps://valuationmasterclass.com/ (Valuation Master Class)
https://astotz.kartra.com/page/become-a-better-investor-community (The Become a Better Investor Community)
https://academy.astotz.com/courses/how-to-start-building-your-wealth-investing-in-the-stock-market (How to Start Building Your Wealth Investing in the Stock Market)
https://academy.astotz.com/courses/finance-made-ridiculously-simple (Finance Made Ridiculously Simple)
https://academy.astotz.com/courses/best-business-book-club (Best Business Book Club)
https://academy.astotz.com/courses/gp (Become a Great Presenter and Increase Your Influence)
https://academy.astotz.com/courses/transformyourbusiness (Transform Your Business with Dr. Deming’s 14 Points)
Connect with Andrew Stotz:https://www.astotz.com/ (astotz.com)
https://www.linkedin.com/in/andrewstotz/ (LinkedIn)
https://www.facebook.com/andrewstotzpage (Facebook)
https://www.instagram.com/andstotz/ (Instagram)
https://twitter.com/Andrew_Stotz (Twitter)
https://www.youtube.com/c/andrewstotzpage (YouTube)
https://itunes.apple.com/us/podcast/my-worst-investment-ever-podcast/id1416554991?mt=2 (My Worst Investment Ever Podcast)
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