S2E29 - Paul Adams - Creating a clear path to financial independence

Payback Time Podcast Payback Time is a podcast for investors. The goal of this podcast is to help make investing approachable and easy to understand. We will interview beginner and experienced investors and ask them to share stories on how they got started, what challenges they faced, what mistakes they made, and what strategy works for them today. The overall objective is to provide you with a roadmap that helps you become a better investor. Paul Adams The big question most people can’t answer is, how much money do I need to live financially free? My next guest is a financial advisor and coach who helps his clients understand the timeline and dollar amount to achieve financial independence. In this episode, he shares what strategy he helps his clients with, his biggest investment success, and his biggest investment mistake. Please welcome, Paul Adams. key timecodes (01:01) – His background history (02:58) – Employment history (04:46) – Thoughts on formal education (07:55) – His investing background as a young investor (13:14) – Type of funds he holds (14:24) – Fees to Avoid (16:16) –  His strategy and mutual funds fees (17:49) – What is his personal investing strategy? (25:49) – How his strategy meets the 4Ms vision (29:36) – What type of funds does he invest in? (31:07) – How many different funds does he hold? (33:03) – The beer market investment strategy. (33:37) – Percentage of his income he invests (25:08) – Real estate gains strategy (35:49) – His biggest investing success and mistake (39:36) – How to manage emotions when investing (48:40) – The best investment advice he ever received (48:52 ) – The worst investment advice he ever received (49:56) – Guest contacts