If you want to know how to become a better investor, don't start by searching for the perfect stock or the next winning trade. Start by improving the person making the investment decisions.
In this episode of Rich Dad Stockcast, host Del Denney and Rich Dad expert Andy Tanner explore the idea of becoming 1% better every day—and why small improvements in knowledge, discipline, and behavior can compound into meaningful results over time.
Andy explains why successful investing requires more than technical knowledge.
Investors must learn to control fear, greed, FOMO, and the emotional reactions that often lead to costly decisions. The goal isn't simply to "do" investing. It's to develop the temperament and discipline required to become an investor.
Del and Andy also identify two gaps that can hold people back: the gap between what you don't know and what you need to learn, and the gap between what you already know and what you actually do. Financial education can close the first. Consistent action, accountability, and discipline help close the second. You'll learn how small actions—reading, practicing with a paper trading account, using an investing journal, finding mentors, building a financial team, or simply studying investing every day—can accumulate into greater experience and confidence. Instead of trying to transform your financial life overnight, Andy argues for taking manageable steps and allowing those improvements to compound.
The conversation goes beyond investing, showing how the same principle can apply to your health, marriage, parenting, leadership, and financial future. Because the opposite is also true: when the world keeps advancing, standing still can mean falling behind.
The lesson is simple: You don't need to become dramatically better tomorrow. Start somewhere, take action, learn from the result, and keep improving.
As Andy explains, the biggest mistake may not be making the wrong move. It's doing nothing at all.
🎯 Visit https://bit.ly/3JsRdmj for access to FREE investing tools, including Andy's "Power of 6" ebook.
00:00 Introduction
02:28 Andys Origin Story
04:27 Investor Temperament Wins
06:34 Compounding Habits
08:20 Two Gaps Framework
10:18 Knowledge Into Action
11:39 Cashflow Academy Approach
15:43 Marriage Money Meetings
17:50 Never Get Complacent
23:43 Tiny Steps Method
27:50 Parenting Without Carrots
33:11 Start Anywhere Today
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