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Content provided by Trevor Cummings. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Trevor Cummings or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
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For Simplicity’s Sake

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Manage episode 475313333 series 3315608
Content provided by Trevor Cummings. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Trevor Cummings or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

This week's blogpost - https://bahnsen.co/4l9W0e1

The Power of Simplicity in Financial Planning

In this episode of the Thoughts on Money Podcast, hosts Trevor Cummings and Blaine Carver discuss the principle of keeping financial strategies simple, centered around the concept of Occam's Razor. They contrast this with the overly complex methods similar to Rube Goldberg's inventions and stress the importance of embracing simplicity in investing. Key areas covered include the problems with market timing, the benefits of dividend growth investing, the importance of understanding one's investment strategy, and the necessity of perseverance in the markets. The hosts further emphasize avoiding unnecessary complexity and limiting mistakes to achieve long-term financial success. 00:00 Welcome to the Thoughts on Money Podcast

00:37 Occam's Razor and Financial Planning

02:17 Rube Goldberg vs. Occam's Razor in Investing

04:07 The Pitfalls of Market Timing

05:55 The Frogger Approach to Investing

09:06 Embracing Risk Like Happy Gilmore

12:19 Limiting Mistakes in Investing

19:59 The Superpower of Perseverance

23:30 Keep It Simple, Stupid (KISS)

26:42 Closing Thoughts and Listener Engagement

Links mentioned in this episode:

  continue reading

224 episodes

Artwork
iconShare
 
Manage episode 475313333 series 3315608
Content provided by Trevor Cummings. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Trevor Cummings or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

This week's blogpost - https://bahnsen.co/4l9W0e1

The Power of Simplicity in Financial Planning

In this episode of the Thoughts on Money Podcast, hosts Trevor Cummings and Blaine Carver discuss the principle of keeping financial strategies simple, centered around the concept of Occam's Razor. They contrast this with the overly complex methods similar to Rube Goldberg's inventions and stress the importance of embracing simplicity in investing. Key areas covered include the problems with market timing, the benefits of dividend growth investing, the importance of understanding one's investment strategy, and the necessity of perseverance in the markets. The hosts further emphasize avoiding unnecessary complexity and limiting mistakes to achieve long-term financial success. 00:00 Welcome to the Thoughts on Money Podcast

00:37 Occam's Razor and Financial Planning

02:17 Rube Goldberg vs. Occam's Razor in Investing

04:07 The Pitfalls of Market Timing

05:55 The Frogger Approach to Investing

09:06 Embracing Risk Like Happy Gilmore

12:19 Limiting Mistakes in Investing

19:59 The Superpower of Perseverance

23:30 Keep It Simple, Stupid (KISS)

26:42 Closing Thoughts and Listener Engagement

Links mentioned in this episode:

  continue reading

224 episodes

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