Some people might squirrel away cash in their sock drawer or mattress, or even a freezer if you just moved to the big city. But most people keep the bulk of their hard earned money in either savings or checking accounts. All of these have the same issue however: They don't do anything to protect you from inflation.
Welcome to the Just Dumb Enough Podcast. A show that acknowledges no one is always an expert, by dispelling misconceptions with real experts.
My guest today is Andrew Parrillo. Andrew is an investment...
Some people might squirrel away cash in their sock drawer or mattress, or even a freezer if you just moved to the big city. But most people keep the bulk of their hard earned money in either savings or checking accounts. All of these have the same issue however: They don't do anything to protect you from inflation.
Welcome to the Just Dumb Enough Podcast. A show that acknowledges no one is always an expert, by dispelling misconceptions with real experts.
My guest today is Andrew Parrillo. Andrew is an investment advisor with about five decades of experience, and while this episode shouldn't be considered advice for legal reasons: it is absolutely chalk full of invaluable information. Because we're trying to break down really technical details, it can get a little dry. But make no mistake, I understand money and investing more from this interview than probably any other I've done. Don't be afraid to take notes if you've got free hand.
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Let's make money by saving money!
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It's wild to think that 1% could make such a difference, but even paying that 1% to gain an additional 5% a year would be well worth it versus a savings account that earns you a dollar a year (or less).
In other news, July is upon us and the rankings are all new:
1. The United States, now led by Texas, Illinois, and Virginia.
2. Canada, with Ontario taking an early lead.
3. Australia, with Victoria just barely holding out over New South Wales and Queensland.
4. Ghana. Who have quickly found themselves top 5 regulars.
5. England, almost losing their spot to Ireland.
Special thanks to Magic Mind for their continued support of the show and my new Japanese Ceremonial Grade Matcha cravings. Get yours at:
Www.MagicMind.Com/JustDumb20 or entering the code JustDumb20 for up to 48% of your first subscription or 20% off any order. That's: J-U-S-T-D-U-M-B-2-0
That's it for this week! Have a great week, a great weekend, and I'll see you all back here next week for another new episode!
Until the next episode, pretty please do all the things to help the show: rate, review, like, and subscribe.
Reach out to DumbEnoughPodcast@Gmail.Com or on any social media if you want to reach me personally.
Most importantly, Stay Dumb!
