Episode 179 - The Power of 16X - Investing Simplified with Scott Yamamura
Scott Yamamura, author of Financial Epiphany, shares his three simple rules of thumb for multiplying money. He explains how his unique insights empower people to overcome financial intimidation, act early in their careers, and discover their inherent ability to build wealth effortlessly, like an athletic skill. We explore common investing methods and strategies for growing a diverse financial portfolio.
Key Takeaways
● Money can double every 10 years through common investment methods.
● Starting early maximizes your multiplying power, which can be 16x at age 22.
● Your financial multiplying power halves every decade, creating urgency to act.
● Begin investing simply with common tools like 401k/IRA and index funds.
● Diversify your financial garden with real estate and even a side business.
Resources
Scott Yamamura is a financial coach, author of Financial Epiphany, and internal video communications manager for Costco. He helps people discover and unleash their ability to multiply money.
● Book: Financial Epiphany by Scott Yamamura. https://a.co/d/9kOEmgT
● Scott’s website: https://financialepiphany.com/
…………………………………………
Connect with Jeanne:
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
CrimeLess: Hillbilly Heist
It’s 1996 in rural North Carolina, and an oddball crew makes history when they pull off America’s third largest cash heist. But it’s all downhill from there. Join host Johnny Knoxville as he unspools a wild and woolly tale about a group of regular ‘ol folks who risked it all for a chance at a better life. CrimeLess: Hillbilly Heist answers the question: what would you do with 17.3 million dollars? The answer includes diamond rings, mansions, velvet Elvis paintings, plus a run for the border, murder-for-hire-plots, and FBI busts.