Ben Stein's Guide to Slow and Steady Wealth Building
I have, I've done a lot of it myself and he's faced an uphill battle right now because for people Ben right now- and I'm not kidding- next to his modest house in Beverly Hills, it looks like an excavation site.
Ever wondered how to build wealth without taking risky shortcuts? In this episode of 'The World According To Ben Stein', Ben Stein and Judah Friedman team up with Gary Collins from SimpleLifeNow.com and Myles Wakeham from beunconstrained.com to share practical advice on growing your wealth gradually. Ben, drawing from his extensive experience as an economist, lawyer, and investment advisor, provides invaluable insights into the world of investing.
From the stability of real estate to the reliability of index funds, this episode is packed with wisdom for both novice and seasoned investors. One of the standout themes is the importance of patience and due diligence in real estate investments. Ben shares personal stories and lessons learned, emphasizing that real estate can be a lucrative long-term investment if approached wisely.
The conversation also touches on the benefits of index funds as a low-cost, low-risk way to invest in the stock market. Ben and his guests explain why they prefer index funds over actively managed funds and highlight the advantages of a buy-and-hold strategy. Cryptocurrencies also come under scrutiny. Ben admits his skepticism and advises caution, stressing the need to fully understand any investment before diving in. The discussion doesn't stop there.
The episode also covers international diversification, managing investment fees, and the value of intellectual property. Whether you're looking to start your investment journey or refine your existing strategy, this episode offers a wealth of knowledge. Ben, Judah, Gary, and Myles engage in lively discussions filled with practical tips and personal anecdotes, making complex financial concepts accessible and engaging. Tune in to learn how you can start building your wealth slowly but surely.