Andrew Stotz – 12 Steps to Financial Independence

12 Steps to Financial Independencehttps://astotz.kartra.com/page/12-Steps-To-Financial-Independence (Download the 12 Steps to Financial Independence cheat sheet.) In this episode, Andrew Stotz explains the 12 steps to financial independence. 1. Have no written financial planSolution: Create a plan and follow it 2. Allow others to complicate your investingSolution: Keep investing simple 3. Think short term; start too lateSolution: Start early; time really is money 4. Want to get rich quick in the marketSolution: Get real about stock market return 5. Rely on others too muchSolution: Do it yourself 6. Make big mistakes early in lifeSolution: Avoid mistakes when you are young 7. Do not save enough moneySolution: Build wealth through savings 8. Underestimate the impact of feesSolution: Keep financial costs low 9. Take too much riskSolution: Diversify to reduce risk 10. Ignore bonds in favor of stocksSolution: Own both stocks and bonds 11. Trade too muchSolution: Trade infrequently 12. Try to time the marketSolution: Stay invested and watch it grow  Andrew’s bookshttps://amzn.to/3qrfHjX (How to Start Building Your Wealth Investing in the Stock Market) https://amzn.to/2PDApAo (My Worst Investment Ever) https://amzn.to/3v6ip1Y (9 Valuation Mistakes and How to Avoid Them) https://amzn.to/3emBO8M (Transform Your Business with Dr.Deming’s 14 Points) Andrew’s online programshttps://valuationmasterclass.com/ (Valuation Master Class) https://astotz.kartra.com/page/become-a-better-investor-community (The Become a Better Investor Community) https://academy.astotz.com/courses/how-to-start-building-your-wealth-investing-in-the-stock-market (How to Start Building Your Wealth Investing in the Stock Market) https://academy.astotz.com/courses/finance-made-ridiculously-simple (Finance Made Ridiculously Simple) https://academy.astotz.com/courses/best-business-book-club (Best Business Book Club) https://academy.astotz.com/courses/gp (Become a Great Presenter and Increase Your Influence) https://academy.asto