Editor's note - You can trust the integrity of our balanced, independent financial advice. We may, however, receive compensation from the issuers of some products mentioned in this article. Opinions are the author's alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser.
This is the seventeenth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we looked at why it’s important to invest like a business owner. In today’s podcast, we interview Larry Swedroe, author of Think, Act, and Invest Like Warren Buffett.

Sponsors: The 31-Day Money Podcast is sponsored by Betterment and Personal CapitalBetterment and Personal Capital are two tools I use to make investing easier, less expensive, and more effective.

Topics Covered

  • What is Portfolio Suicide and how can you prevent it.
  • What advice does Warren Buffett give us about how to invest?
  • Should we base our investing decisions on market forecasts?
  • Why overconfidence in our ability to invest can harm our portfolio.
  • How understanding the history of the stock market can help us avoid mistakes.
  • How an asset allocation plan can help us stick to an investing plan.
  • The importance of learning from investing mistakes.

Resources Mentioned in the Podcast

Listener Questions & Comments

Here are listener questions and comments addressed in this podcast:

Sheila: “I gave up cable! I’d rather save the money. Watching TV is not “living” as one of your readers said. Plus it’s a monopoly and we are being ripped off.”

Lee: “Really interesting idea BUT where is anyone making 8% or 9% a year?? In recent memory, I was making 6% a year in a money market fund vs the hypothetical 7% historical average in the stock market. Now, my money market fund pays pennies a month. Although it’s a great idea, I feel like it’s irresponsible to suggest that people will achieve such a high rate of return.”

Paul: “I found the Doughroller podcast on episode 3 and have listened to almost all of the episodes. I really appreciate the work you do and want to thank you for the podcast.

Money was an issue for my family when I was growing up and I remember the arguments my parents did have was around money. My girlfriend and I are starting to discuss marriage and I want to make sure we are on the same page about being fiscally responsible. Can you provide any recommendations on how to manage your finances as a couple? You often mention about how you and your wife worked together to get out of debt, do you have your own banking accounts and a joint bank account? Do you have a monthly portion of your paycheck go to your own account and a portion go into a joint account? I am really looking for templates about what works for others? We both work and see paying off debt as a priority?”

Day 18: How to Create an Asset Allocation Plan

Author Bio

Total Articles: 1118
Rob founded the Dough Roller in 2007. A litigation attorney in the securities industry, he lives in Northern Virginia with his wife, their two teenagers, and the family mascot, a shih tzu named Sophie.

Article comments

Jon S. says:

New to your podcast series and have found them both enjoyable and useful. Anytime you can get a finance ” heavy hitter ” like Larry Swedroe…it’s all the better! He appeared to be a good and decent fella beyond his solid reputation as a finance guru. Keep up the good work and great content!

Jon S.

Rob Berger says:

It was fun to have Larry on the show.

Md. Taslimuzzaman Fakir says:

“Hi Rob. I’m at Day 17 in your 31 day money challenge podcast. Thank you, thank you, thank you! I’ve been looking for a platform that i can solve my financial problem.—–Taslimuzzaman