1518: The Seven Deadly Sins of Investing by J Money of Budgets Are Sexy on Investment Strategies

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 6 May 2021

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

J. Money of Budgets Are Sexy shares the seven deadly sins of investing. Episode 1518: The Seven Deadly Sins of Investing by J Money of Budgets Are Sexy on Investment Strategies J. Money is a 6’1, hyperactive, rock a ‘hawk who loves drinking beer, blaring hip-hop, talking about money, and now playing with his two adorable baby boys. He tracked his expenses for 3 months, made a budget, read some books, and stumbled into personal finance blogging and idea sharing, randomly turning BudgetsAreSexy.com into his full time “real job” a few short years later--14 million views later! The original post is located here: https://www.budgetsaresexy.com/7-deadly-sins-investing/ For a limited time, BitTrust IRA is waiving the signup fee for OFD listeners - a $50 value. Go to BitTrustIRA.com/OFD to trade tax-free within your BitTrust crypto IRA. Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group Join the Ol' Family to get your Free Gifts and join our online community: OLDPodcast.com/group Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, Episode 1518, the seven deadly sins of investing,
0:06.8	by Jay Money of budgetsorsexy.com.
0:10.0	And I'm your host and personal finance enthusiast, Diana Mariam.
0:14.3	This is a show where I narrate posts from a wide variety of personal finance blogs.
0:19.2	We cover so much on this show from saving to investing to debt reduction and more.
0:24.1	So thank you for joining me today and every day.
0:27.8	For now, let's get right to today's post and start optimizing your life.
0:36.3	The seven deadly sins of investing, by Jay Money of budgetsorsexy.com.
0:43.2	As I was cleaning up some shelves yesterday, an old copy of Kiplinger magazine fell on the floor
0:48.5	bearing the sexy mug of Mr. Warren Buffett himself. So I naturally had to flip through it and
0:54.2	make sure I didn't miss any of his nuggets of wisdom the first time around.
0:58.3	Like, say, this quote of his.
1:00.7	I try to buy stock and businesses that are so wonderful that an idiot can run them,
1:05.2	because sooner or later, one will end quote.
1:09.0	Zing, or this one, another popular buffettism.
1:13.9	Rule number one never lose money. Rule number two, don't forget rule number one.
1:19.7	End quote. There were some other gems in there too,
1:22.9	but nothing that really actually helps you in the real world.
1:26.6	Unless you're brilliant enough to pick a part of balance sheet and or earnings,
1:30.9	like that beautiful man is, there were, however, a set of seven sins covered in another
1:36.6	article that are always worth repeating since they do play an active role in our weekly and monthly
1:41.8	investing. And even better, it was written by my dear friend Kathy Kristoff, who you may remember
	...

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