“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn't, pays it." This quote is often attributed to Albert Einstein and is the driving force behind the new Invest America Act proposed by Sen. Ted Cruz in early May, which would give each American born $1,000 at birth in an investment account that could be added to over the years and taken out of when they are an adult. This idea has been praised by many, and Paul even admits it is a tempting proposition, but there is a problem with the bill that few are talking about. With the government investing billions of dollars into large U.S. companies each year through this law, would the government be able to use its investment to gain leverage over and coerce companies by threatening to invest elsewhere?

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Today, Paul talks about how to overcome some of the first challenges around saving and investing. Listen along to hear Paul cover the mindset shift that helps many go from living paycheck to paycheck to saving and making their first investments. Paul spends the second half of the episode helping those newer to investing get educated about the most common strategies that get sold and why those strategies leave investors’ money more at risk than a properly diversified portfolio.

For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.

Today, Paul reflects on the work of Jonathan Clements, an author and former writer for The Wall Street Journal, who has not stopped trying to leave a legacy amid a terminal cancer diagnosis. Listen along as Paul explains why it is so important to have voices like these in the investing world and why the concept of market efficiency is the foundation that you build many other investing concepts on top of.

For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.