What podcasts say about Matt Ludmer
Every statement, with the speaker, the exact quote and the moment it was said.
What Matt Ludmer has said on podcasts
18 statements · 16 positive · 1 negative · 1 neutral
Wealthy people build wealth by avoiding forced sales and tolerating volatility.
“Why do wealthy people get wealthier? It's because they don't have to sell. They can handle volatility.”
Open the episode · Why the Wealthiest People in the Room Are Often the Most Miserable — And What to Do About ItListen at 0:03
Portfolio design should address psychological needs as well as financial outcomes.
“the goal of this portfolio is psychological, not just, you know, material.”
Open the episode · Why the Wealthiest People in the Room Are Often the Most Miserable — And What to Do About ItListen at 6:10
The first portfolio pot should cover the money needed for security.
“pot one is how much money do you need?”
Open the episode · Why the Wealthiest People in the Room Are Often the Most Miserable — And What to Do About ItListen at 6:24
The secure-base portfolio should be invested in Treasuries and AAA municipal bonds.
“that's your secure base and that's invested in treasuries and AAA munis.”
Open the episode · Why the Wealthiest People in the Room Are Often the Most Miserable — And What to Do About ItListen at 7:07
The third portfolio bucket should hold money unnecessary for at least ten years.
“the third bucket is really for 10-year-plus money or for your IRA, your pension plan, what you can put away that you know you're not going to need for the long term.”
Open the episode · Why the Wealthiest People in the Room Are Often the Most Miserable — And What to Do About ItListen at 7:33
Long-term investors should broadly own the market and hold it for a long period.
“in pot 3, and I can go into different techniques, but essentially I just want to own the whole market as much as possible and let that hold that for a long period of time.”
Open the episode · Why the Wealthiest People in the Room Are Often the Most Miserable — And What to Do About ItListen at 8:39
The second portfolio bucket can be used for personal investment views and speculative ideas.
“Part 2 is to express yourself and express your opinions.”
Open the episode · Why the Wealthiest People in the Room Are Often the Most Miserable — And What to Do About ItListen at 9:32
A structured portfolio can help investors remain confident during market declines.
“Once you have the structure, Okay, the market did this tomorrow, you know, we'll do this tomorrow. Okay. The market went down 20%. Okay. Your structure is guiding you, not the market, and you can have confidence in your structure.”
Open the episode · Why the Wealthiest People in the Room Are Often the Most Miserable — And What to Do About ItListen at 11:00
The three-pot approach can shift investors from investment stress toward relaxation.
“going from invest in stress to invest and relax is really the what I— the whole book is about.”
Open the episode · Why the Wealthiest People in the Room Are Often the Most Miserable — And What to Do About ItListen at 11:49
Understanding and portfolio structure can enable investors to relax during uncertainty.
“Your structure should be able to handle it. And the confidence of your understanding, the view that you have is what you have confidence in. Once you have confidence in your view, you can relax.”
Open the episode · Why the Wealthiest People in the Room Are Often the Most Miserable — And What to Do About ItListen at 14:41
Finances should become a background concern once clients understand their structure.
“My goal when I meet with a client is I want finances to go background for you.”
Open the episode · Why the Wealthiest People in the Room Are Often the Most Miserable — And What to Do About ItListen at 15:02
Practicing “no problem” meditation can create psychological distance and relief.
“as you widen that practice to 5 minutes, to 10 minutes, and you're able to just sit without a problem, your body— you start to witness things more than actually be in them, and you get a little bit of a relief.”
Open the episode · Why the Wealthiest People in the Room Are Often the Most Miserable — And What to Do About ItListen at 17:49
Meditation can create distance from thoughts and reduce identification with them.
“when we meditate, that's essentially what we do when we look at our thoughts. We initially, we are our thoughts, but then when you just look at them and relax, they start to move and give a little bit of distance.”
Open the episode · Why the Wealthiest People in the Room Are Often the Most Miserable — And What to Do About ItListen at 19:08
Pursuing externally defined excellence may not reflect a person’s own best path.
“what happened when you just do what the best is, it's not your best, it's other people's best.”
Open the episode · Why the Wealthiest People in the Room Are Often the Most Miserable — And What to Do About ItListen at 28:01
People should eventually choose their own path rather than indefinitely follow others.
“the book starts with the question, are you on the right mountain? Because if, like I said, initially it's healthy to follow the path of others, but at a certain point you gotta make your move”
Open the episode · Why the Wealthiest People in the Room Are Often the Most Miserable — And What to Do About ItListen at 29:14
A positive career and income exceeding expenses form a healthy foundation for wealth.
“the positive mindset, building a career that you're excited about, being lit up about waking up in the morning and going to work and having your revenues greater than your expenses. That's really step one because that's the healthy ground in which you build.”
Open the episode · Why the Wealthiest People in the Room Are Often the Most Miserable — And What to Do About ItListen at 31:40
True wealth consists of financial abundance, meaningful work, psychological health, and spiritual or social connection.
“These are the 4 dimensions of true wealth.”
Open the episode · Why the Wealthiest People in the Room Are Often the Most Miserable — And What to Do About ItListen at 32:31
Functioning adequately across four wealth dimensions can lead to fulfillment.
“being functional in all these 4 areas, uh, what I call true wealth, Um, can lead to fulfillment.”
Open the episode · Why the Wealthiest People in the Room Are Often the Most Miserable — And What to Do About ItListen at 33:15
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.