The biggest investing mistake isn't losing money, it's never giving your money the chance to grow.

Ben Carlson joins Andrew to reveal the hidden cost of playing it safe, why volatility isn't the enemy, and how investors quietly sabotage their long-term wealth without realizing it.

👉 Join Andrew's FREE Masterclass The Portfolio Pyramid:   https://event.webinarjam.com/q05p7/register/q05p7b65?webinar_id=24 

What You'll Learn in This Episode

• Why the biggest risk for most investors is actually being too conservative
• How market volatility creates long-term wealth opportunities
• The hidden cost of waiting for the "perfect" time to invest
• Why diversification is still one of the most powerful risk-management tools
• How to think about risk differently in your 30s, 40s, and 50s
• The investing mistake that can permanently damage your wealth-building journey
• Why investor behavior matters more than finding the perfect portfolio
• How to build a strategy you can actually stick with through market downturns
• Lessons from the Great Depression, the Dot-Com Bubble, and today's AI boom
• Why "good enough" is often better than chasing the perfect investment plan

• 
  

Start Here 

Join the community built to help you master your money, stay accountable, and reach financial freedom.  

👉 Try Master Money Academy FREE for 7 days today !https://mastermoney.co/join/

👉 Join Andrew’s FREE Investing for Beginners Masterclass https://event.webinarjam.com/q05p7/register/0o8z9io?webinar_id=21

👉 Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here! https://expert-hustler-605.ck.page/6aa7bb9a79

Partner Deals

• Indeed → Get a $75 sponsored job credit http://Indeed.com/personalfinance
• Policygenius → Free life insurance quote http://policygenius.com
• Chime → Get more rewarding fee-free banking at https://www.chime.com/PFP 
• Monarch Money → The all-in-one financial tool + Get 50% Off at http://www.monarch.com/PFP
• Shopify → Sign up for your one-dollar-per-month trial today at http://shopify.com/pfp  
• Wayfair → Up to  60% off | MEMORIAL DAY WAREHOUSE CLEAROUT  http://wayfair.com  
• DeleteMe → 20% off with code PFP https://joindeleteme.com/PFP20/

Watch Next

• The Patient Investor's Playbook with Noah Kerner - CEO of Acorns https://youtu.be/l5YZy2q_aVY 
• The Best Ages to Build Wealth (Ranked!) https://youtu.be/JIZ1WrS91v4 
• Should You Buy Into IPOs (SpaceX, Anthropic, or Open AI) https://youtu.be/e8r5h7RkOyo 
• Is the S&P 500 Overweighted? Becoming an Accidental Landlord? Can We Retire Early and Move to Japan? https://youtu.be/GYtfRluCfv0 
• This is THE BIGGEST RISK to Your Retirement Portfolio https://youtu.be/7gXKEy66-bA 

Connect with Ben Carlson

• Website → https://awealthofcommonsense.com/about-2/
• LinkedIn → https://www.linkedin.com/in/ben-carlson-cfa-97661244
• X → https://x.com/awealthofcs
• Ritholtz → https://www.ritholtzwealth.com/team/ben-carlson-cfa/
• YouTube → https://www.youtube.com/⁨@TheCompoundNews 
• Apple Podcast → https://podcasts.apple.com/us/podcast/animal-spirits-podcast/id1310192007
• Book Risk and Reward⁩ → https://awealthofcommonsense.com/2026/05/my-new-book-risk-reward/

Connect with Andrew

• Instagram → https://instagram.com/mastermoneyco
• Website → https://mastermoney.co
• TikTok → https://tiktok.com/@mastermoneyco
• X → https://x.com/mastermoneyco
• LinkedIn → https://www.linkedin.com/in/andrew-giancola-45027b340
• YouTube → https://www.youtube.com/@mastermoneyco/

Question for you:

What do you think is the bigger investing mistake: taking too much risk or not taking enough risk? Let us know in the comments below.

Learn more about your ad choices. Visit megaphone.fm/adchoices