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In this episode of The Decade Investor Podcast, Kolin talks about why contributions are more important than returns in your portfolio when it comes to growth. Especially when you are just starting out. Kolin shares the math behind his reasoning and why you need to focus on just consistently buying into your portfolio at first. The main growth from your portfolio size year over year will come from you just consistently adding more money. As your portfolio starts to grow and grow and grow, this is when compounding will slowly start to take over more and more of your account growth each year. But at first, focus on just consistently adding to your portfolio.
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In this episode of The Decade Investor Podcast, Kolin asked his X followers what their best investing tip is for someone who is new to the stock market. Kolin had over 456 replies to his post, so in this episode he goes over the 10 best tips that his followers replied with. Kolin shares why he chose these 10 tips & why they are great for anyone who is new to the stock market.
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Saknas det avsnitt?
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In this episode of The Decade Investor Podcast, Kolin talks about 4 things he has done to help him grow a net worth of over $500,000 at age 26. Kolin talks about living below his means, growing his income, buying assets in down markets and buying a new car right out of college. Kolin shares things he does with his money to get to where he is. It is important to note that these are not the only 4 things you can do to build wealth, rather Kolin just sharing his journey & choices he has made to get to where he is with his money.
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In this episode of The Decade Investor Podcast, Kolin talks through a conversation he had with his brother about at what point does investing make sense? People may plug $200 a month into an investing calculator & think "well that isn't worth it"? At what point does investing make sense? The problem with this idea is someone may continually push off investing until they have more money to invest, but when the time comes to invest more money, they may not have the trust in the market. This type of thinking could cause someone who has A LOT of money to invest, not win in the stock market because they have not learned to trust the market with a little bit of money.
Our Sponsor for today's episode: Divvy. Get your special offer here!Be sure to follow Decade Investor on all socials & join the FREE weekly newsletter!
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In this episode of The Decade Investor Podcast, Kolin talks through the math behind taking your 401(k) match from your company and why it makes sense to take the match. Kolin shares his reasoning why a 401(k) is a great option to take and do because you are getting an instant 100% return on your money while also being able to invest that for retirement. Kolin shares a story that compares two people, Jack & Jill, to see how taking your company 401(k) match is going to help you end up with WAAAAAAAAAAAY more money in retirement.
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In this episode of The Decade Investor Podcast, Kolin talks about the math behind what it takes to max out your Roth IRA in 2024. Kolin tells you how much you need to set aside every week, every pay check, every month to get the max of $7,000 per year (or $8,000 per year in 50 or older) in your Roth IRA. Kolin also breaks it down from doing this over the calendar year OR doing this using the extra few months into 2025 before tax day. This episode is math heavy with the purpose of telling you what it takes to max out your Roth IRA in 2024.
Listen to Episode 37 hereBe sure to follow Decade Investor on all socials & join the FREE weekly newsletter!
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In this episode of The Decade Investor Podcast, Kolin talks about five money goals that are great to start working on as fast as you can. These money goals range from paying off your car loan to staying out of credit card debt to auto investing every paycheck to having an emergency fund. These 5 money goals are great places to start with your money to make sure you are moving in the right direction. These money goals will never hurt you on your journey. Paying off your car is never a bad idea. Staying out of credit card debt is never a bad idea. These money goals once completed (or at least being worked on) are going to move you in the right direction with your money.
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In this episode of The Decade Investor Podcast, Kolin talks about 5 lessons he has learned from his studying & research on millionaires. Kolin shares tips he has educated himself on with different things that millionaires & the wealthy have taught him to do. These 5 lessons include: Stop trading your time for money, Provide as MUCH value as you can, Never stop learning, Put your money to work & Start today.
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In this episode of The Decade Investor Podcast, Kolin talks about his system that he follows with his money... The Decade Investor System. This system with money is a way for him to flow money from making it --> saving it --> spending it --> growing investing. Kolin shares why he finds this strategy successful & how he plans to follow The Decade Investor system to reach his financial goals. Kolin talks about the 3 steps within The Decade Investor System to win with his money.
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In this episode of The Decade Investor Podcast, Kolin talks about becoming an overnight success in the stock market. Kolin shares his thoughts on the behavior side of money and investing and how most "over night success" investors really didn't have it happen over night. It was consistently doing the same things over and over and over and over again. Buying every paycheck. Investing every month. Thinking long term. Knowing that the choices you make in 2024 with your money will dictate your financial situation in 2034, 2044, 2054 & 2064.
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In this episode of The Decade Investor Podcast, Kolin talks about his process of saving for big expenses that are coming up. These big expenses are expected in the future, not emergencies. Kolin shares the process he follows to start saving money today for those big expenses by knowing what the big expense will roughly cost, working backwards to see how many months/years until he will need that money, then set up a savings plan to get that money set aside now. Kolin shares why it is better to set aside a little today & PLAN for the big expense vs waiting until the last minute to stress about a big purchase.
Savings Goal CalculatorBe sure to follow Decade Investor on all socials & join the FREE weekly newsletter!
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In this episode of The Decade Investor Podcast, Kolin talks about his simple, yet effective personal finance set up that he has with his money. Kolin talks about his savings accounts he holds (& why), his credit cards (& why), his investing accounts (& why) and his budgeting tactics. Kolin likes to keep his finances very simple so he follows a very simple path to wealth. Kolin shares his budgeting rules and why he decides to automate both his investing and his bill payments so that he can go out and enjoy life. This is Kolin's simple (yet effective) personal finance set up.
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In this episode of The Decade Investor Podcast, Kolin talks through a video from Jack Bogle in which he talks about how to handle a market downturn and how to handle your investing strategy when the stock market is down. Kolin shares this video then talks about the key takeaways that we can all learn from the founder of The Vanguard Group, John "Jack" Bogle. The next time the stock market is in a decline, I highly recommend you listen to his episode to remind you to zoom out and think long term.
Click here to watch the videoBe sure to follow Decade Investor on all socials & join the FREE weekly newsletter!
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In this episode of The Decade Investor Podcast, Kolin talks about four things that he cares more about than investment returns. I think what happens is we get caught up in investment returns that we forget that is something we are unable to control. We are not able to control what the return of our portfolio will be. However, there are things that we can control. The 4 things that Kolin cares to focus on when it comes to his investments are the things that he can control. By focusing on what he can control he is able to watch his net worth continue to grow, even in times of bad market returns.
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In this episode of The Decade Investor Podcast, Kolin talks about why he is selling off all his investments and going to cash.
April Fools🤪Be sure to follow Decade Investor on all socials & join the FREE weekly newsletter!
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In this episode of The Decade Investor Podcast, Kolin talks about why he is transferring his money out of M1 Finance and putting it into Fidelity. Kolin talks about the transfer process of moving assets from one brokerage account to another and how easy the process is. Kolin shares the new features that Fidelity has offered such as auto-investing and building your own "pie" with the Fidelity Baskets. Kolin also gives a little tip about just picking a brokerage account to start because transferring from accounts is pretty straight forward.
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In this episode of The Decade Investor Podcast, Kolin talks about tracking your spending and budgeting. He talks about a study from book "The Millionaire Next Door" which studies how your everyday millionaire reached millionaire status. In the book it shares that the majority of millionaires track their spending but also have goals for their money. Kolin shares some insights about budgeting and tracking your spending to make it not seem restrictive, but rather help you understand why it is important to do it.
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In this episode of The Decade Investor Podcast, Kolin talks about a study done by Dave Ramsey that goes over the top 10 car brands driven by millionaires. Kolin talks through the list then gives his thoughts on what the wealthy do with their cars & why the top 10 list is the way it is. Kolin talks about car values vs stock market gains and why driving your way to wealth is pretty difficult to do.
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In this episode of The Decade Investor Podcast, Kolin gives an update on his net worth on his 26th birthday + he talks through some money tips that he has learned in his investing career since he was 17 years old. Kolin talks about delaying gratification, enjoying the present, what matters most in investing. Thanks in advance for all the birthday wishes! Cheers to 26!
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In this episode of The Decade Investor Podcast, Kolin talks through data to prove that the stock market is not a casino. Kolin looks at historical data to see if the stock market has the same odds as a casino. When you walk into a casino you know that the odds are not in your favor. You know that the odds of losing money are high. Sadly, some people think the stock market is the same as that. Truth is, the stock market is not a casino. If you think long term, the odds of making money in the stock market get better and better the longer you stay invested.
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