Personal finance vs. investment management

Doug argues that people misapply investment management frameworks to personal finance and should include labor and duration in planning.

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IN THIS EPISODE, YOU’LL LEARN:

How to maximize your family’s wealth.
How to estimate the value of your education.
What the future prospects for inflation are and how it influence your family.
Why owning your own home is a consumption decision and not an investment decision.
Which asset class that is the least bad right now.
The difference between the public and private market.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Douglas McCormick’s book, Family Inc. – Read reviews of this book.
Doug’s website with free financial tools: FamilyInc.com.
Mark Steven’s book, King Icahn – Read reviews of this book.
Robert Kiyosaki’s book, Rich Dad Poor Dad – Read reviews of this book.
Peter Lynch’s book, One Up Wall Street – Read reviews of this book.
Elroy Dimson’s book Triumph of the Optimists – Read reviews of this book.
Related episode: Private equity investing w/ Doug McCormick of HCI partners - TIP179.

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