NetSuite: Try NetSuite Next For FREE at https://netsuite.ai/ICED Whatnot: $500 GIVEAWAY! Sign up to Whatnot using my link https://www.whatnot.com/invite/IcedCoffeeHour and follow me on Whatnot. Winner will be picked in a month. Get $15 OFF with the same link! #whatnotpartner Gusto: Try Gusto for FREE for 3 months at https://gusto.com/ICED Upwork: Post your job free at http://upwork.com/COFFEE and connect with top talent to grow your business. NO PURCHASE NECESSARY. Open to legal residents of the 50 U.S. states and D.C., 18+. To enter: (i) Sign up to Whatnot using the following link https://www.whatnot.com/invite/IcedCo..., and (ii) follow the following Whatnot account @IcedCoffeeHour. One entry per person. Entries must be received by September 15th at 11:59:59 p.m. PT. Winner selected at random on or about September 16th. Winner will be notified via the email associated with their Whatnot account and must respond within 5 days or prize may be forfeited and an alternate winner selected. Prize: $500 of Whatnot credit redeemable for purchases on the Whatnot platform (ARV: $500). Winner is responsible for all applicable taxes. This promotion is not sponsored, endorsed, or administered by YouTube. Sponsored by The Iced Coffee Hour. Void where prohibited. Follow @BenFelixCSI Here! *𝗖𝗢𝗡𝗡𝗘𝗖𝗧 𝗪𝗜𝗧𝗛 𝗨𝗦* 𝗜𝗚: https://www.instagram.com/icedcoffeehour 𝗝𝗔𝗖𝗞: https://www.instagram.com/jlsselby 𝗚𝗥𝗔𝗛𝗔𝗠: https://www.instagram.com/gpstephan 𝗖𝗹𝗶𝗽𝘀 𝗖𝗵𝗮𝗻𝗻𝗲𝗹: https://www.youtube.com/c/TheIcedCoffeeHourClips 𝗫.𝗰𝗼𝗺: https://x.com/TheICHpodcast 𝗧𝗶𝗸𝗧𝗼𝗸: https://www.tiktok.com/@theicedcoffeehour 𝗦𝗽𝗼𝘁𝗶𝗳𝘆: https://open.spotify.com/show/5c2uoXBQkOjIiCOf60jJj7 𝗔𝗽𝗽𝗹𝗲: https://podcasts.apple.com/us/podcast/the-iced-coffee-hour/id1515070058 For sponsorships or business inquiries reach out to: icedcoffeehourpartnerships@gmail.com Apply for The Index Membership: https://entertheindex.com/ For Podcast Inquiries, please DM @icedcoffeehour on Instagram! Timestamps: 00:00:00 - Intro 00:01:12 - The Best Investment He's Ever Made 00:04:04 - His Worst Investment: Buying Bitcoin 00:06:38 - The Myth That You Should Save as Much as Possible 00:09:07 - The Belief That Will Actually Make You Poor 00:10:42 - Why People Screw Up Something as Simple as Index Funds 00:13:03 - The Product Influencers Are REALLY Selling 00:14:59 - Sponsor: NetSuite 00:16:16 - All-Time Highs, Stretched Valuations, and Doing Nothing 00:20:09 - The One-Fund Portfolio and What's Actually in His 00:24:49 - How Much Should People Save? 00:25:58 - Setting Goals You Won't Regret in 20 Years 00:28:47 - Sponsors: Whatnot & Gusto 00:32:04 - Should Young People Borrow to Invest? 00:37:56 - Behavior Beats Math, and Cash Is the Real Risk 00:38:43 - Earn More vs. Spend Less 00:40:45 - The Cost Of Extreme Frugality 00:45:12 - The Rise of ETF Slop 00:47:34 - Covered Calls, and Why You're Built to Underperform 00:50:26 - Who Should Own Individual Stocks 00:53:10 - Forget 10% - Here's the REALISTIC Long-Term Return 00:55:41 - Sponsor: Upwork 00:56:55 - Am I Being Too Conservative? 00:59:46 - Diary of a CEO, and the Worst Financial Situations He Sees 01:02:55 - Why You Should NOT Look At Your Portfolio 01:04:09 - Risks People Overlook, and Pokémon Cards as an Asset 01:07:06 - Housing: Investment or Not? 01:10:10 - The 5% Rule for Renting vs. Buying 01:12:41 - The Intangible Benefits Trap and the Paid-Off House 01:19:25 - When Optimization Stops Being Worth It 01:22:10 - Money as a Tool to Buy Time 01:24:27 - What the Research Says About Money and Happiness 01:31:49 - The Life Cycle Model and the Safe Withdrawal Rate 01:38:50 - The Single Best Piece of Advice for Most People 01:41:04 - Reverse Interview: What Should He Cover Next? 01:44:22 - Why He Almost Didn't Come On the Podcast *Some of the links and other products that appear on this video are from companies which Graham Stephan & Jack Selby will earn an affiliate commission or referral bonus. Graham Stephan & Jack Selby are part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.