On today’s episode, Clay Finck and Kyle Grieve share why they are so passionate about investing in stocks and why they utilize the stock market to help them achieve financial independence.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:41 - How real-life examples of compounding have influenced Clay & Kyle11:33 - How the stock market has compounded in the US since the 1950s.20:50 - Why Clay and Kyle set the financial goal of becoming financially independent.28:42 - Why Kyle chose to utilize the stock market as his tool to achieving financial independence.36:44 - How an investor knows when they are ready to start investing in individual companies.41:24 - How to quickly disqualify an investment.43:44 - The best metric to filter on business quality.72:27 - The edge that individual investors can have in picking stocks.81:03 - Our favorite investing books.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCES<ul>
<li>Join the exclusive <a href="https://www.theinvestorspodcast.com/mastermind-2/">TIP Mastermind Community</a> to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.</li>
<li>Books mentioned: <a href="https://www.amazon.com/The-Millionaire-Next-Door-audiobook/dp/B0000547HR?crid=1QP8UXD95OYBU&dib=eyJ2IjoiMSJ9.E0oFrLfOfLrLiR6vJIpCTzjubQgehbsRosPbHJij_lg25GURfUDoaRYk-X95qiW_7cfXVhYp2-IjKeOcjtk_im_8_FCl8QizTYfnAkNRlOmUsiglN-IPw8xCjdKY32tCJXyB6nSl1KqZFMwdu6jMP4HbfUaem6K5yDa--vNA7CBhsayCVRrEoZagCNpUaM_zQkyyDCPBDbiupxGzIBCmM4rj2HLcChq42OFQZEItTnk.-MyGLi8rlIG4Y6kME0bL1LqxLAUSg9YzbaUgswyE8-Y&dib_tag=se&keywords=the+millionaire+next+door+book&qid=1709493897&sprefix=the+mi%2Caps%2C149&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=fb622398777d5dd3591382ed4299b9db&language=en_US&ref_=as_li_ss_tl">The Millionaire Next Door</a>, <a href="https://www.amazon.com/100-Baggers-Christopher-W-Mayer-audiobook/dp/B0776PRFJ3?crid=UYM8Z1D9D1N3&dib=eyJ2IjoiMSJ9.rSCca6vqsHksjuV9yNH_0Hd3_oRM1_kZhnTp5gLqId7GjHj071QN20LucGBJIEps.Mk-c5oBRAXl7qDMW53avVUxbjq10qUSVM-fucjNONtQ&dib_tag=se&keywords=100+baggers+by+christopher+mayer&qid=1709493911&s=audible&sprefix=100+baggers%2Caudible%2C118&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=5dff4e24f74239d9b122b128e16fb878&language=en_US&ref_=as_li_ss_tl">100 Baggers</a>, <a href="https://www.amazon.com/Psychology-Money-Timeless-Lessons-Happiness/dp/B08D9WJ9G8?crid=WZK78TRH87YK&dib=eyJ2IjoiMSJ9.XH3fk9W4UcyVJNLg-eazOJvsXyaEtggppj9lkJ0hOx6gPCNVkkq3s6Fqn4bCbHHCWaycbYVT_yDZngh9P-Sy0LN9IAAE3GEnSBjYO2dBKkRKXQFIkm-ChchxQFexVMdpeAo-YOoGRowXI0n9xDQpepko8ALxYzXXzPgEs8jfhXXPkfet_BlRJYfzU4_aCvj3ljiqmzB_ERZruf-DvSxq8Kedsgpi1eXpkxx4bt4RAQs.6geWANMdpIEB_qOOQX318K3VspB4uMs5Hg5WzPptJHk&dib_tag=se&keywords=the+psychology+of+money&qid=1709494458&s=audible&sprefix=the+p%2Caudible%2C264&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=f4fbca83807bf477cd4306b15d81bf00&language=en_US&ref_=as_li_ss_tl">The Psychology of Money</a>, <a href="https://www.amazon.com/The-Simple-Path-to-Wealth-audiobook/dp/B0725RFDPY?crid=QP8ENQGN64RE&dib=eyJ2IjoiMSJ9.eHsi_97VOLl7crETnB4guUvZ2vdYTXx7RXI6buFVf9N0Cy0HFETnZkPaOlhfzyy8Lh-DUiAh99kfx6gde9LDYD1nlxPNoSgodJ1U01XA_gmr61rCgq9p7MTKZpdoNVGrgeSWx0ZmbH9vnsfjxQWWCs6Hj3_zngaCgYKfzAFK6uRiMZh_CX3-U2mwqI6zwuHbJFYBVGBptei-fDjuLptVHX5dEDtWMavhZEnNGCR1ei8.u5RFOhjYLmHXR7CHc_IRE_EPWdKPiYyZoDdKljKxccI&dib_tag=se&keywords=the+simple+path+to+wealth&qid=1709507075&sprefix=the+simple%2Caps%2C198&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=724c35409041ff75ec50bbab9125b064&language=en_US&ref_=as_li_ss_tl">The Simple Path to Wealth</a>, <a href="https://www.amazon.com/Joys-Compounding-Passionate-Lifelong-Learning/dp/9390351014?crid=2SLC5K3MXPHTU&dib=eyJ2IjoiMSJ9.nuEhGItngfRM2wbxN5D0lJM7GwyKcerzwNu944MV_wTvzcxVAJWkFe6tXkdVGdAxdC5vAi1YYtQ2W1Sj02Y0k_NO_Rp8iChAdF73-fvQxls6vIMCP-QzcYpGFwDVCWSgH6KD4dm2MleIC12ZjViN8vW9S8dPpwwdZO6kamNS5eHhe90sh_ykp_31qsgLLtPBou6OgIWXe8vzltMEBya6PnzUys5aRplMK-Kl2CF65Xg.-O8mc6k_D4nm1e8oG_BYuTg2JKRgNdrJ7QlrlbpL270&dib_tag=se&keywords=the+joys+of+compounding+by+gautam+baid&qid=1709507329&sprefix=the+joys+of+%2Caps%2C288&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=7a579912a84230223dc09f0a6f6b3b39&language=en_US&ref_=as_li_ss_tl">The Joys of Compounding</a>, <a href="https://www.amazon.com/What-Learned-About-Investing-Darwin/dp/B0CDJXPGKY?crid=27I1DYQGXFJFV&dib=eyJ2IjoiMSJ9.d_lwJOmfR316Kv3UWavzZWzxZLEQLDJky49L9KjQRSAz4zlwfFi-pohOhBoEJ84WA7vPcK4_oHBZchdt8kPJZvyp2lj_xoPhUrAvTRXPE_nhFKQU4MukEfgSm1o7JQZPDv7-zmviMpq6fwkz1ikYgqaFHaqq3ucV8N_vkBL5ZPIFkEMnJ0LtlnRDhYRXVRvKucIhTk5eOvTL90tRjZGeJ4rIDdKLLC-m3wHuxZy2h6M.VSekzCnmvnQlEIN-7ZoG-dRmkxfatAVsrdP9AkFpvTk&dib_tag=se&keywords=what+i+learned+about+investing+from+darwin&qid=1709517233&sprefix=what+I+learned+abou%2Caps%2C152&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=36e2a8ef4b9fb413ef9e07fe13715fd5&language=en_US&ref_=as_li_ss_tl">What I Learned About Investing From Darwin</a>, <a href="https://www.amazon.com/Richer-Wiser-Happier-Greatest-Investors/dp/B08CVR78CH?crid=1IHHNWQ69TDSA&dib=eyJ2IjoiMSJ9.SbfD631RnKuKeAxm2DO4pBEpNTKhOO4n9DvSqIL_BSY3WPmjhz4_p8U9pCaoKHJ2.vH0na-7cs61-arVW6TC6N-MuOf1PHEROG4zjWZ0rp28&dib_tag=se&keywords=richer+wiser+happier+william+green&qid=1709806182&s=audible&sprefix=Richer+Wise%2Caudible%2C321&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=1b9244ca7a6706ddcc8b1e5ddb9aca60&language=en_US&ref_=as_li_ss_tl">Richer, Wiser, Happier</a>, <a href="https://www.amazon.com/Invested-Danielle-Town-Phil-Town-audiobook/dp/B0797GF85V?crid=2WJDP560RAMOE&dib=eyJ2IjoiMSJ9.sAOktomtAbyNzNZEwtoa_2TSnIegX5c6Io5aC1YZMmOiG9uQVvu4-XwIvBlbjyIqLuPQn-D8VccF-az92Gs-LjiDsmMHQL-vYtfntNiCDoKVCkCcFaa7fTyhFcw3b5dhpVzusKYzHiwiMmYoXcjGFe3gwOSgw888TseiZsf0YFotXn4ZoR-IMWW0OfnAPMHuQMBDgpUK9agAMrZyvEuxcCbP6cfQhfLgdVj8CJUydXU.MEvpHBkbmxgNQFaZo4otZ-mkR3lPrPSyertecc-FeKU&dib_tag=se&keywords=invested&qid=1709576716&sprefix=invested%2Caps%2C134&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=afac67ee80fe996c8130f8df889349a3&language=en_US&ref_=as_li_ss_tl">Invested</a>, <a href="https://www.amazon.com/The-Most-Important-Thing-audiobook/dp/B0090VTBGO?crid=2YIK8MS58F70A&dib=eyJ2IjoiMSJ9.AU1dmv36CRI7vRw3a7lFJeFTNooXoGhxxnbDAjLl5cxtWd-COaQ-ilmy7uGCtezEFrFkNdrw0XidcT39W3e7VEiX020r2uCmf_3pf7wgDMJ8FeyDUE6h6ZcmU5HGMq0Hp9z0CCjUvCxuzTUgn99JtNJblQtszSLfx2IslZMk-lmF-ZJ4wyfopwwE7cvgOUJyolMCE3nBr7BmMGHyf_j_ej0Ndh0hXWTIwcIR9jxNorY.7aGKlXeqJiCpCPYoA2sFtj9XIjnfVk54HMAFn_705Ng&dib_tag=se&keywords=the+most+important+thing&qid=1709576776&s=audible&sprefix=the+most+important+thing%2Caudible%2C95&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=383622bb9d5566d75b76d100f6ea27d7&language=en_US&ref_=as_li_ss_tl">The Most Important Thing</a>, <a href="https://www.amazon.com/Warren-Buffett-Portfolio-Mastering-Investment/dp/0471392642?_encoding=UTF8&dib_tag=se&dib=eyJ2IjoiMSJ9.jl7r7c7opn7xmIYGB4jSkDaQ2tL0ArduDQ4ifaE4KP6Q4A0vJ5mJpfO8Xmxxr9zky6dMeqNRocsnb3zkpGotQwGQhI_W19JjEGTGmcWNshMCRLa8PTlPHS1ojH4IzMRtHdgnYzsIiw8C4VHvL05ynsic24BD0sBZKWKQPmYWPBFryEReuJPHNe4Ct_gyGhxrlZIQk3ExivcSz5sWRtNV4ets43JGbKqizh38QCZ8vAM.EOr637fBpUUkm5M8rbaAMfLMzU6muE8Mas8AKUZHAJk&qid=1709577001&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=0f92797cbf45dab4379f3ac2c69d73c5&language=en_US&ref_=as_li_ss_tl">The Warren Buffett Portfolio</a>
</li>
<li>Check out <a href="https://finchat.io/">Finchat</a>.</li>
<li>Episode Mentioned: <a href="https://link.chtbl.com/WSB602">TIP602: Same as Ever w/ Morgan Housel</a> | YouTube <a href="https://www.theinvestorspodcast.com/episodes/same-as-ever-w-morgan-housel/">Video</a>.</li>
<li>Related Episode: <a href="https://link.chtbl.com/WSB604">TIP604: Best Quality Idea Q1 2024 w/ Clay Finck & Kyle Grieve</a> | YouTube <a href="https://www.theinvestorspodcast.com/episodes/best-quality-idea-q1-2024-w-clay-finck-kyle-grieve/">Video</a>.</li>
<li>Learn more about the Berkshire Summit by clicking <a href="http://theinvestorspodcast.com/berkshiresummit">here</a> or emailing Clay at clay@theinvestorspodcast.com.
</li>
<li>Follow Kyle on <a href="https://twitter.com/IrrationalMrkts">Twitter</a> and <a href="https://www.linkedin.com/in/kylegrievetip/">LinkedIn</a>.</li>
<li>Follow Clay on <a href="https://twitter.com/Clay_Finck">Twitter</a> and <a href="https://www.linkedin.com/in/clay-finck-8073a8a7">LinkedIn</a>.</li>
<li>Check out all the books mentioned and discussed in our podcast episodes <a href="https://prodcast.io/wsb">here</a>.</li>
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TIP613: Stock Market Basics & Financial Independence w/ Clay Finck & Kyle Grieve

We Study Billionaires - The Investor’s Podcast Network