What putting $3K into a mate’s stock tip taught Ryan about investing

Ryan thought he was doing everything right with his money until a stock tip made his ETF feel like the wrong choice.For years, Ryan followed a very traditional approach to money: work hard, save hard and eventually buy a house. Then he discovered compound interest, started investing and found himself comparing two very different ways to put his money to work.What did that stock investment teach him? And how did it shape the kind of investor he wants to be?Ryan joins Jess to share how he got started investing, what his portfolio looks like today, the sleepless nights that came with his most concentrated investment yet—backing his own business—and why that experience has made the share market feel surprisingly safe.For more regular updates from Jess’ investing journey, follow along on Instagram at getstartedinvesting_.Chapters:00:00:00 From Saving Hard To Investing Smarter00:03:30 How Ryan Learned To Think About Money00:07:00 The Investing Lesson That Changed Everything00:09:32 His First Stock Tip And $3000 Bet00:12:22 Why Ryan Gave Up Picking Stocks00:16:42 Betting On Himself And His Business00:20:37 Why The Stock Market Now Feels Safer00:23:18 What Ryan Is Building Wealth For00:25:30 The Reality Of Backing Your Own Business00:27:15 The Advice He Wishes He Heard EarlierLinks mentioned in this episode:📩 Sign up to the Get Started Investing newsletter here📩 Share your investing story with us submit here🎟️ FinFest tickets - Buy early bird tickets hereWant more Equity Mates? Across books, podcasts, video and email, however you want to learn about investing – we’ve got you covered.———Thanks to ShopBack for sponsoring this series.Want to get paid for shopping online? 💸 ShopBack gives you real Cashback on purchases you're already making, which you can then transfer into your bank account (or brokerage app!).Download the app here and use code GETSTARTED20 to get a $20 cashback bonus once you've earned your first $10!———Get Started Investing is a product of Equity Mates Media.This podcast is intended for education and entertainment purposes only. Any advice is general advice, and has not taken into account your personal financial circumstances. Before acting on general advice, you should consider if it is relevant to your needs. If you are unsure, please speak to a financial professional. The hosts of this podcast and their guests may have positions in the companies mentioned. Equity Mates Media is part of the Betashares group but maintains editorial independence.Equity Mates Media operates under Australian Financial Services Licence 540697. Hosted on Acast. See acast.com/privacy for more information.