Kathy Kristof – Author of “Investing 101”

Unlocking Financial Freedom with Kathy Kristof: Investing 101

Mike interviews Kathy Kristof.

Welcome back! Today, we dive into a conversation that will ignite your financial ambitions. We had the pleasure of sitting down with Kathy Kristof, the brilliant mind behind Investing 101. Kathy’s insights are a beacon for anyone eager to navigate the often murky waters of personal finance and investment. So, buckle up and get ready for a ride that could redefine your approach to money and investing.

SUMMARY

Kathy kicked things off by emphasizing the power of starting young. It’s no secret that time is a crucial factor in investments. Starting early gives your money the runway it needs to take off. Kathy likened it to planting a tree—the sooner you plant it, the sooner you enjoy the shade. This simple yet profound strategy can lead to significant wealth accumulation over time. And it’s not just about stocks; real estate, especially self-storage, offers a compelling avenue for growth. Imagine reaping the benefits of both cash flow and equity appreciation. That’s the magic of real estate.

We then delved into a topic close to Kathy’s heart: women’s financial security. It’s a sobering fact that 80% of elderly individuals are women, many of whom face financial struggles due to a lack of involvement in financial decisions earlier in life. Kathy stressed the importance of women being actively engaged in their finances. Her mother’s experience underscored this point—after her father’s passing, her mother faced the daunting task of managing finances she hadn’t looked at in 20 years. Kathy’s message is clear: know your financial landscape, ask questions, and ensure you understand your investments.

Financial planning is not a one-time event; it’s a continuous process. Kathy advocates for a thoughtful and comprehensive financial plan that aligns with personal goals. Revisit this plan annually to ensure it still matches your life’s trajectory. And remember, budgets are your friend. They reveal where your money is going and help ensure it aligns with your priorities. Kathy’s revelation—$500 a month on cheap meals out—illustrates how easy it is to spend on autopilot. You can redirect funds towards goals that matter by identifying and curbing unnecessary expenses.

One of the most exciting parts of our conversation was about side hustles. Kathy’s website, SideHusl.com, is a treasure trove of opportunities for anyone looking to boost their income. With over 500 online platforms reviewed, there’s something for everyone. These aren’t just side gigs; they are plug-and-play opportunities requiring no upfront investment. The possibilities are endless, from walking dogs to renting your house for movie shoots. And the best part? Some gigs are insanely lucrative, often paying more per hour than well-known platforms like Uber and Lyft.

A key theme in our discussion was the destructive nature of the victim mentality. Kathy is adamant that seeing yourself as a victim is a surefire way to stay stuck. Instead, take control of your life. The world isn’t fair, but that’s no reason to throw in the towel. Embrace the challenges, work hard, and you’ll find opportunities where others see obstacles. This mindset shift is crucial for anyone aspiring to financial freedom. The harder you work, the luckier you get.

Mike Fallat and Kathy Kristof talk about the book Investing 101.

We wrapped up our conversation with some practical advice on investing. Money is a tool, Kathy reminds us. If it’s just sitting in your bank account, it’s losing value due to inflation. Put your money to work. Whether through stocks, real estate, or side hustles, ensure your assets actively generate income. This approach not only grows your wealth but also provides financial security so you can enjoy life’s pleasures.

Kathy recommends The Intelligent Investor by Benjamin Graham if you’re looking for foundational knowledge. But beyond the books, she advocates for living your life fully. Spend time with your loved ones, engage in joyful activities, and let your financial plan work. After all, what’s the point of accumulating wealth if you can’t enjoy it?

Kathy Kristof’s Investing 101 is a must-read for anyone serious about taking control of their financial future. Her insights are practical, actionable, and, most importantly, grounded in real-life experiences. Whether you’re just starting or looking to fine-tune your financial strategy, Kathy’s wisdom will guide you toward a more secure and prosperous future. So, get out there, invest wisely, hustle smart, and live your best life!

Youtube, X, Facebook and Instagram:  @SideHusl

Get her book here:

About Mike Fallat

Mike Fallat, aka The BookMan, is the owner of Dreamstarters Publishing and the Million Dollar Book Agency. They have helped 300+ entrepreneurs become bestselling authors. His goal is to help 1,000 entrepreneurs publish books and teach them how to use their books as a gateway to generating 7-figures.

Visit website for more information: https://www.milliondollarbookagency.com/

About Dreamstarters Publishing


Dreamstarters Publishing offers ghostwriting, cover design, and everything that is required to take an idea to a finished book (kindle, paperback, hardcover, and audiobook).


The Million Dollar Book Agency is the ultimate marketing CRM system for author-preneurs. Services include automated funnels, lead generation campaigns, book fulfillment, podcast management, press releases, virtual assistants, course development, and more.

Mike also hosts a podcast known as Million Dollar Stories and runs a membership-based site known as Million Dollar Circle. In addition to owning the book business, he invests in self storage real estate.

https://dreamstarterspublishing.com/

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