It’s barely 2026 and like a lot of people, you might be worried about money already. You know who isn’t worried? The rich. That’s because the start of the new year doesn’t mean resolutions like the rest of us. Rather, it’s a time to plan, strategize and get finances in order for the year to come. Plus, they do it all in about two months time, with a little foresight and prep into the following ten months. GOBankingRates got in touch with Kristy Kim, the CEO and founder of TomoCredit, below is what she sa ...

Core Insights - The discussion highlights the disparity in rewards within capitalism, emphasizing that while some careers are highly rewarded, others, like teaching and nursing, are not [2][4] - Warren Buffett and Charlie Munger advocate for a fair tax system that supports those who are less advantaged in the capitalist framework [3][4] - Munger stresses the importance of practical steps towards achieving financial success rather than merely wishing for wealth [4] Group 1: Capitalism and Wealth Disparity - The capitalist system rewards certain skills significantly more than others, leading to economic disparity [2][4] - Munger and Buffett acknowledge the need for a taxation system that supports those who do not benefit as much from capitalism [3] Group 2: Financial Strategies for Achieving Wealth - A strong saving and investing strategy is essential for individuals to achieve millionaire status, regardless of their starting point [1] - Budgeting is crucial for understanding spending habits and enabling investment [7] - Automating investments into low-cost index funds is recommended as a strategy for consistent wealth accumulation [10][11] Group 3: Investment Opportunities - Investing in real estate can be made easier through platforms like Arrived, which allows for fractional ownership without the burdens of being a landlord [15][17] - Tools like Rocket Money can help individuals manage their finances more effectively by tracking expenses and negotiating bills [8][9]

Strategy shares are back in the green along with Bitcoin today. Now, CEO Fong Lee made headlines when he said on the podcast podcast, "What Bitcoin did, that the company would consider possibly selling some of its cryptocurrency if needed to cover its dividend." But then the company announced it had acquired 650,000 Bitcoin. Now, that's the total, just over 3% of the total supply.It also established a $ 1.44% 44 billion US cash reserve that would cover that dividend for 21 months. Fong Lee is joining me now ...

Core Viewpoint - Value-stock selection should prioritize quality factors that support long-term growth rather than merely focusing on low earnings multiples according to Warren Koontz of Jennison Associates [1] Group 1 - Emphasis on quality factors in value-stock selection is essential for sustainable growth [1]

Group 1 - The core idea is that investing like Warren Buffett is achievable for anyone with a basic understanding of business quality, valuation discipline, and patience [1][2] - Buffett's investment strategy emphasizes buying high-quality companies with sustainable competitive advantages that drive long-term growth in earnings and cash flow [3][5] - Competitive advantages can stem from factors such as brand power, which allows companies to increase prices without losing customers, exemplified by American Express [4] Group 2 - A valuation philosophy is crucial for investing like Buffett; he focuses on business quality and maintains discipline regarding valuation when purchasing stocks [7][8] - Buffett typically avoids long-term investments in stocks with a starting price-to-earnings ratio (P/E) above 15, providing a margin of safety in his investment approach [9]

Investment Strategy - Delphi Labs founder suggests investing in 10 funds with minimal overlap to gain exposure to 200 deals annually [1] - The strategy emphasizes the need for funds with a unique edge, rather than those focused on networking events [1] AI Investing - Delphi Labs founder @ZeMariaMacedo shares his AI investing strategy [1]