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119 - How to become a Self-Made Millionaire

The DIY Investing Podcast

Release Date: 08/29/2021

124 - How I Value Trade Stocks show art 124 - How I Value Trade Stocks

The DIY Investing Podcast

Value Trading is the process of rebalancing a portfolio using valuation specifically to adjust the weightings of your individual stocks. I value trade to optimize the performance of my portfolio, increase returns, and reduce risk.

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123 - Maintenance Due Diligence show art 123 - Maintenance Due Diligence

The DIY Investing Podcast

Maintenance due diligence is a critical skill that experienced investors practice in order to minimize potential mistakes after buying a stock. This ongoing effort is spent validating or proving wrong the original stock buy thesis.

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122 - Are you the next Warren Buffett? show art 122 - Are you the next Warren Buffett?

The DIY Investing Podcast

Mental Models discussed in this podcast: Second-Order Effects Passive vs Active Investing Standing on the Shoulders of Giants Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience.  Follow me on Twitter and YouTube Twitter Handle:  YouTube Channel:  Support the Podcast on Patreon This is a podcast supported by listeners like you. If you’d like to support this podcast and help me to continue creating great investing content,...

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121 - Q/A: Questions for Management, Due Diligence, Share Issuance show art 121 - Q/A: Questions for Management, Due Diligence, Share Issuance

The DIY Investing Podcast

Mental Models discussed in this podcast: Capital Allocation Due Diligence Share Dilution Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience.  Follow me on Twitter and YouTube Twitter Handle:  YouTube Channel:  Support the Podcast on Patreon This is a podcast supported by listeners like you. If you’d like to support this podcast and help me to continue creating great investing content, please consider becoming a Patron...

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120 - Philosophy of Concentrated Investing show art 120 - Philosophy of Concentrated Investing

The DIY Investing Podcast

Mental Models discussed in this podcast: Concentration vs Diversification Hurdle Rate Circle of Competence Conviction Opportunity Cost Satisficing Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience.  Follow me on Twitter and YouTube Twitter Handle:  YouTube Channel:  Support the Podcast on Patreon This is a podcast supported by listeners like you. If you’d like to support this podcast and help me to continue creating...

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119 - How to become a Self-Made Millionaire show art 119 - How to become a Self-Made Millionaire

The DIY Investing Podcast

Mental Models discussed in this podcast: Self-Made Millionaire Cumulative Advantage Compounding Power of Habit Privilege Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience.  Follow me on Twitter and YouTube Twitter Handle:  YouTube Channel:  Support the Podcast on Patreon This is a podcast supported by listeners like you. If you’d like to support this podcast and help me to continue creating great investing content,...

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118 - NACCO Stock Post-Mortem $NC show art 118 - NACCO Stock Post-Mortem $NC

The DIY Investing Podcast

Mental Models discussed in this podcast: Durability Post-Mortem Resulting Capital Allocation Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience.  Follow me on Twitter and YouTube Twitter Handle:  YouTube Channel:  Support the Podcast on Patreon This is a podcast supported by listeners like you. If you’d like to support this podcast and help me to continue creating great investing content, please consider becoming a...

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117 - What risks are you willing to underwrite? show art 117 - What risks are you willing to underwrite?

The DIY Investing Podcast

Mental Models discussed in this podcast: Operational Leverage Risk Management Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience.  Follow me on Twitter and YouTube Twitter Handle:  YouTube Channel:  Support the Podcast on Patreon This is a podcast supported by listeners like you. If you’d like to support this podcast and help me to continue creating great investing content, please consider becoming a Patron at ....

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116 - Learning from mistakes you narrowly avoid $MCLDF show art 116 - Learning from mistakes you narrowly avoid $MCLDF

The DIY Investing Podcast

Mental Models discussed in this podcast: Confirmation Bias Skin in the Game Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience.  Follow me on Twitter and YouTube Twitter Handle:  YouTube Channel:  Support the Podcast on Patreon This is a podcast supported by listeners like you. If you’d like to support this podcast and help me to continue creating great investing content, please consider becoming a Patron at . Show...

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115 - How to rebalance a concentrated portfolio show art 115 - How to rebalance a concentrated portfolio

The DIY Investing Podcast

Rebalancing a portfolio should be based on four key principles: Occam's Razor, rank every position in your portfolio, price matters, and default to inactivity. Too often rebalancing makes a portfolio worse by taking action.

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More Episodes

Mental Models discussed in this podcast:

  • Self-Made Millionaire
  • Cumulative Advantage
  • Compounding
  • Power of Habit
  • Privilege

Please review and rate the podcast

If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience. 

Follow me on Twitter and YouTube

Twitter Handle: @TreyHenninger

YouTube Channel: DIY Investing

Support the Podcast on Patreon

This is a podcast supported by listeners like you. If you’d like to support this podcast and help me to continue creating great investing content, please consider becoming a Patron at DIYInvesting.org/Patron.

Show Outline

The full show notes for this episode are available at https://www.diyinvesting.org/Episode119

Inspired By Joshua Kennon Article

Book Recommendation: Millionaire Next Door

Summary:

Self-Made Millionaires are created by the choices and habits under your control, not your starting point in the world. Focus on the slow accumulation of advantages and ignore anything outside of your control.