Podcast › Book series
All 3 episodes
- Getting rich slowly: the mindset and tools of long-term investing
Hi everyone, I'm Doug! In this episode of FIRE University, we look at the core ideas of long-term investing and how to choose the right investment tools. Emergency funds, insurance, stocks, bonds, real estate and crypto each have their own risks and strengths. I'll share my own investing story and Warren Buffett's wisdom, and explain why "nobody wants to get rich slowly" — and why that mindset is exactly what long-term investing needs. Invest actively in your life and passively in your money, and let's move forward steadily on the road to financial freedom!
Compounding plus time: how anyone can invest like BuffettHi everyone, I'm Doug! In this episode of FIRE University, we look at the difference between managing money and investing, and why you should manage your money first and invest second on the way to financial freedom. We'll also uncover the secret behind Buffett's fortune and how to use long-term investing and compounding to become the next Buffett. With the Rule of 72 you can work out how long it takes your assets to double; and long-term investing lowers risk and steadies returns, letting your wealth grow naturally over time. Finally, a reminder: the key to investing is "don't leave the market" — only by sticking with it can you enjoy the rich rewards of compounding!
The truth about short-term tradingHi everyone, I'm Doug! This episode of FIRE University is about the truth of short-term trading. Many people think jumping in and out of the market is a fast way to get rich, but they forget that short-term trading is a zero-sum game: when someone wins, someone else loses — and trading costs are deadly for small investors.