Owning assets such as real estate, artwork, and stocks/bonds is important for financial savings, but many people have to climb a hill first to reach that stage. Giving people a taste of ownership and understanding the difference can help them strive towards becoming an owner.
Investing doesn't always have to be complicated or exclusive. Investing in a general index fund can offer easy and great returns for the average person looking to build their wealth over time.
In this podcast episode, Tim Ferriss and Ramit Sethi discuss the common myths about retirement and how people should think about planning for it differently.
Shockingly, only one in six or seven retirees are pulling down principal and majority grow their wealth using the 4% rule of investing; a study found that following this rule for 30 years can lead to a four-fold increase in wealth than the initial investment.
Teachable CEO talks about his desire to teach personal finance and the importance of a strong company culture with a "no asshole rule" for employees. He also discusses the difficulty of firing toxic people and the challenges he faced during his first nine months as CEO.