12. Investing 2.0: Index funds, choosing single stocks with a three prong approach, and college/career planning | Oscar from Money Tip Feed

Welcome to the NGFI Podcast, episode number 12.  I am so excited to bring you alllll the investing wisdom from Oscar today.  He is the man behind Money Tip Feed.  He gets WAY deeper into the world of choosing single stocks than I ever have, and makes it seem simple with his three-prong approach.  Oscar could seriously consider early retirement, but enjoys his job and the idea of the rule of 55.  He, along with his wife and two kids, now live in a paid-for home, despite having some challenges in the real estate arena.  They prove that you can make mistakes and still achieve financial greatness.  We talk about kinds of investing "bins" -- 401Ks, IRAs, 529s.  Then, we dive through how Oscar chooses to fill his bins -- with a review of mutual funds, index funds, and single stocks.  We review the age-old debate on the importance (or lack thereof) of including international index funds in your portfolio.  We talk about college and career.  Oscar speaks about the importance of college choice, career choice, and considering working before chasing after that master's degree.  He talks about his own plans for his boys' college, and how he hopes they will have some skin in the game when it comes to paying for their education.  I love Oscar's review of savings rates, including how you can calculate yours too.   He refutes the idea that people should always have a mortgage.  We share our love of Morningstar and using free online resources to educate yourself on personal finance.   Can't wait to hear what you think of this one, and look Oscar up on Instagram and YouTube.  He is producing some killer YouTube content I know many of you would devour.  Finally, you will learn where to always keep an eye out for me, or for Oscar, IRL, after this pandemic eases.  Thanks for listening!  --- Support this podcast: https://anchor.fm/nerdsguidetofi/support

Om Podcasten

Hey friend, I am Sarah. Welcome to the Nerds Guide to Financial Independence Podcast! I am a solo mama of one, running on too much taco bell and refusing to give up a weekly fancy latte. I’m here to show that financial independence can be for anyone who wants it badly enough. Investing in real estate doesn’t have to be scary, take vast DIY knowledge, or involve heaps of debt. When I am not sharing my own progress to FI, I’ll be picking the brains of like-minded debt contentious investors. I am so glad you are here, my fellow aspiring retirees. Come join the IG party: @nerdsguidetoFI Support this podcast: https://anchor.fm/nerdsguidetofi/support