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ENCORE: Avoid These 3 Mistakes The Average Investor Makes
Manage episode 405083416 series 165679
Today’s show focuses on one of my favorite topics, which is personal finance. Investing can be overwhelming and very confusing. Join us to learn how anyone can approach investing with knowledge and confidence.
Our Featured Guest:
Andy Gupta
Andy Gupta and I have become good friends over the past couple of months. He is a kind and genuine person who worked for 20 years on Wall Street. He is a graduate of Harvard Business School who understands the ins and outs of investing, and he wants to make investing more approachable for average people. Andy has a particular passion for helping women understand investing, and he looks to use his wealth in ways that help others.
Andy’s 30-day investing course: Anyone Can Invest Now
Andy's Facebook Group: https://www.facebook.com/groups/418356686326993
Andy's LinkedIn: http://linkedin.com/in/andy-gupta
You’ll Learn:
- Andy’s background of growing up in a family without wealth in Mumbai, India, and then going to college in the US while holding multiple jobs to make ends meet
- Why Andy feels that his mission is to help others with investing so they can achieve financial security and freedom
- Why Andy’s definition of financial freedom revolves around increased time spent with his family, creating a financial safety net for them, and making a positive impact on others
- Three mistakes that the average investor makes:
- Trying to “time” the market
- “This is a fool’s errand. The difference in trying to time the market vs. staying in for the long haul is astronomical.”
- Believing that cash in the bank is safe
- You are guaranteed to lose money every year because of inflation.
- Taking on too much risk by overexposing themselves in one area
- It's best to mix asset classes to reduce your risk and potentially increase your return for the level of risk
- Andy’s tips for investing smartly:
- Have a cash reserve on hand.
- Diversity by investing in asset classes that don’t “move together.”
Resources:
Interested in becoming part of our affiliate program? Learn more at
https://sellingthecouch.com/jointhehealthcasters
Want to launch your online course?
Please check out our free 7-Day Course Creator Starter Kit For Therapists: https://sellingthecouch.com/coursekit
Mentioned in this episode:
Thrizer
Thrizer can help private pay therapists transform out-of-network therapy into an in-network experience to help you attract and retain private pay clients! First, Thrizer can help you instantly verify your client's out-of-network benefits ahead of their first session using Thrizer's free Instant Benefits Calculator. Then, just by charging clients via Thrizer's payment platform, you can automatically submit claims for them and even let your clients just pay their co-insurance for sessions (similar to in-network copays) to help them afford therapy upfront and skip the reimbursement wait post-deductible. Thrizer covers the rest of your fees upfront and waits for reimbursement on their behalf! They also have a Superbill Uploads feature if you'd like to instead offer your clients a resource to manage their own superbills. They manage all claims end-to-end so you or your clients don't need to deal with any of the insurance stress. Please visit the Thrizer link below and enter the promo code “STC” and receive waived fees for your first $2500 in charges.
403 एपिसोडस
Manage episode 405083416 series 165679
Today’s show focuses on one of my favorite topics, which is personal finance. Investing can be overwhelming and very confusing. Join us to learn how anyone can approach investing with knowledge and confidence.
Our Featured Guest:
Andy Gupta
Andy Gupta and I have become good friends over the past couple of months. He is a kind and genuine person who worked for 20 years on Wall Street. He is a graduate of Harvard Business School who understands the ins and outs of investing, and he wants to make investing more approachable for average people. Andy has a particular passion for helping women understand investing, and he looks to use his wealth in ways that help others.
Andy’s 30-day investing course: Anyone Can Invest Now
Andy's Facebook Group: https://www.facebook.com/groups/418356686326993
Andy's LinkedIn: http://linkedin.com/in/andy-gupta
You’ll Learn:
- Andy’s background of growing up in a family without wealth in Mumbai, India, and then going to college in the US while holding multiple jobs to make ends meet
- Why Andy feels that his mission is to help others with investing so they can achieve financial security and freedom
- Why Andy’s definition of financial freedom revolves around increased time spent with his family, creating a financial safety net for them, and making a positive impact on others
- Three mistakes that the average investor makes:
- Trying to “time” the market
- “This is a fool’s errand. The difference in trying to time the market vs. staying in for the long haul is astronomical.”
- Believing that cash in the bank is safe
- You are guaranteed to lose money every year because of inflation.
- Taking on too much risk by overexposing themselves in one area
- It's best to mix asset classes to reduce your risk and potentially increase your return for the level of risk
- Andy’s tips for investing smartly:
- Have a cash reserve on hand.
- Diversity by investing in asset classes that don’t “move together.”
Resources:
Interested in becoming part of our affiliate program? Learn more at
https://sellingthecouch.com/jointhehealthcasters
Want to launch your online course?
Please check out our free 7-Day Course Creator Starter Kit For Therapists: https://sellingthecouch.com/coursekit
Mentioned in this episode:
Thrizer
Thrizer can help private pay therapists transform out-of-network therapy into an in-network experience to help you attract and retain private pay clients! First, Thrizer can help you instantly verify your client's out-of-network benefits ahead of their first session using Thrizer's free Instant Benefits Calculator. Then, just by charging clients via Thrizer's payment platform, you can automatically submit claims for them and even let your clients just pay their co-insurance for sessions (similar to in-network copays) to help them afford therapy upfront and skip the reimbursement wait post-deductible. Thrizer covers the rest of your fees upfront and waits for reimbursement on their behalf! They also have a Superbill Uploads feature if you'd like to instead offer your clients a resource to manage their own superbills. They manage all claims end-to-end so you or your clients don't need to deal with any of the insurance stress. Please visit the Thrizer link below and enter the promo code “STC” and receive waived fees for your first $2500 in charges.
403 एपिसोडस
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