How To Think About Investing | Small Talk #5 ft. Ravi Sharma скачать в хорошем качестве

How To Think About Investing | Small Talk #5 ft. Ravi Sharma

Ravi Sharma is a full-time YouTuber (Personal Finance with Ravi Sharma) who provides financial advice around property, crypto and NFTs. He is the Founder/Buyers Agent of Search Property, helping Australians secure financial independence through property. He also has achieved a $6m+ portfolio before the age of 29. In this episode, we unpack the foundational thinking of investing. We covered the importance of financial literacy, what banks are actually doing with your money, inflation, the power of investing and compound interest, how to prepare for a recession, and various asset classes that you can invest in. Spotify: https://open.spotify.com/show/41xXxGP... iTunes: https://podcasts.apple.com/lt/podcast... Instagram:   / denoftruth   Website: https://denoftruth.com/ 0:00 – Introduction (Income inequality and financial literacy) 5:17 – Buy back your freedom 9:47 – How we were taught about money 12:30 – What banks are actually doing with your money 13:15 – What is inflation? 18:30 – Understand your circumstance, take accountability, and make the right choices 23:06 – Should you get out of debt and set up an emergency fund first? 26:08 – Why invest? 29:59 – The power of compound interest 32:32 – Invest for the long term to build generational wealth 33:33 – “Investing is too risky” 35:05 – The implications of the government printing money 39:55 – How can we prepare for a recession? Education and the option of outsourcing 43:00 – ‘Timing the market’ doesn’t work 46:05 – Invest in what you know, and hold for the long-term 49:14 - Asset classes that you can invest in 54:12 – What is Dollar-Cost Averaging? 56:05 – Difference between living in a house you bought vs investment property 1:01:49 – 2 books and 1 podcast Ravi recommended