Adrian Brambila
👤 PersonAppearances Over Time
Podcast Appearances
When we're bored, time seems long. And now we're trying to look, what does my life look like when I'm 65? or whatever age. And so to think, I need to put money in right now, money that is tangible that I could go spend, make that decision every day or every month consciously to then say, and I'm not going to touch this money and it's going to be there in 30 years.
When we're bored, time seems long. And now we're trying to look, what does my life look like when I'm 65? or whatever age. And so to think, I need to put money in right now, money that is tangible that I could go spend, make that decision every day or every month consciously to then say, and I'm not going to touch this money and it's going to be there in 30 years.
I think that is so hard of a decision to make. And I think that's why you need to make the decision to invest one time versus consciously every day or every single month. And what I mean by one time, this is one decision you have to make and really not think about is you set up a decision to say, I'm going to invest a percentage or a dollar amount every single month.
I think that is so hard of a decision to make. And I think that's why you need to make the decision to invest one time versus consciously every day or every single month. And what I mean by one time, this is one decision you have to make and really not think about is you set up a decision to say, I'm going to invest a percentage or a dollar amount every single month.
I think that is so hard of a decision to make. And I think that's why you need to make the decision to invest one time versus consciously every day or every single month. And what I mean by one time, this is one decision you have to make and really not think about is you set up a decision to say, I'm going to invest a percentage or a dollar amount every single month.
And that's what we call in finance dollar cost averaging into the stock market, for example, into like a target date fund. And then that is automatic, it's passive. And then you don't think about the decision. Because I think the problem is when you think about the decision and you're looking at the stock market and it's high or low, our emotions come into play.
And that's what we call in finance dollar cost averaging into the stock market, for example, into like a target date fund. And then that is automatic, it's passive. And then you don't think about the decision. Because I think the problem is when you think about the decision and you're looking at the stock market and it's high or low, our emotions come into play.
And that's what we call in finance dollar cost averaging into the stock market, for example, into like a target date fund. And then that is automatic, it's passive. And then you don't think about the decision. Because I think the problem is when you think about the decision and you're looking at the stock market and it's high or low, our emotions come into play.
Well, if it's high, you might say, you know what, it's a little too expensive. I'm going to wait until it dips down. And then if it's crashing, you're like, you know what, how low is this thing going to go? I'm just going to hold back. And so you don't get into the game. So you just got to make that decision actually one time.
Well, if it's high, you might say, you know what, it's a little too expensive. I'm going to wait until it dips down. And then if it's crashing, you're like, you know what, how low is this thing going to go? I'm just going to hold back. And so you don't get into the game. So you just got to make that decision actually one time.
Well, if it's high, you might say, you know what, it's a little too expensive. I'm going to wait until it dips down. And then if it's crashing, you're like, you know what, how low is this thing going to go? I'm just going to hold back. And so you don't get into the game. So you just got to make that decision actually one time.
If anything, I'm oversimplifying, but how easy, if you want to be a millionaire, And have money work for you. You just got to make the decision once you set up the account, you pick your number of how much you want a dollar cost average, and you set it and forget it. And that one decision could literally make you a millionaire, depending on that value and how long you're going to be investing for.
If anything, I'm oversimplifying, but how easy, if you want to be a millionaire, And have money work for you. You just got to make the decision once you set up the account, you pick your number of how much you want a dollar cost average, and you set it and forget it. And that one decision could literally make you a millionaire, depending on that value and how long you're going to be investing for.
If anything, I'm oversimplifying, but how easy, if you want to be a millionaire, And have money work for you. You just got to make the decision once you set up the account, you pick your number of how much you want a dollar cost average, and you set it and forget it. And that one decision could literally make you a millionaire, depending on that value and how long you're going to be investing for.
If you try to make it an active decision, I think you lose.
If you try to make it an active decision, I think you lose.
If you try to make it an active decision, I think you lose.
Well, I'll share. This is my fifth year of making over a million dollars in a year. And I think that the things that changed from when I was making my first job paid $27,000 a year. And I worked on my stuff. Most of my money comes from the internet. All of my money comes from the internet. And I needed something that could scale without my time. And I really think...
Well, I'll share. This is my fifth year of making over a million dollars in a year. And I think that the things that changed from when I was making my first job paid $27,000 a year. And I worked on my stuff. Most of my money comes from the internet. All of my money comes from the internet. And I needed something that could scale without my time. And I really think...
Well, I'll share. This is my fifth year of making over a million dollars in a year. And I think that the things that changed from when I was making my first job paid $27,000 a year. And I worked on my stuff. Most of my money comes from the internet. All of my money comes from the internet. And I needed something that could scale without my time. And I really think...