Invested with Charles Schwab
This week we have a financial icon in-studio as Charles Schwab pays us a visit. Yes, that Charles Schwab, the founder of The Charles Schwab Corporation.In his just released personal memoir, Invested: Changing Forever the Way Americans Invest, Schwab describes his passion to have Main Street participate in the growing economy as investors and owners, not only earners. Schwab opens up about the challenges he faced while starting his fledgling company in the 1970s. A year into his grand experiment in discounted stock trading, he carried a six-figure debt and a pocketful of personal loans. As it turned out, customers flocked to Schwab, leaving his small team scrambling with scarce resources and no road map to manage the company’s growth.He recounts the company’s game-changing sale to Bank of America, and how, in the end, the merger almost doomed his organization. We learn about the clever and timely leveraged buyout he crafted to regain independence.A remarkable story of a company succeeding by challenging norms and conventions through decades of change, Invested also offers unique insights and lifelong principles for readers, the values that Schwab has lived and worked by that have made him one of the most successful entrepreneurs of our time. Today, his company is one of the leading financial services firms in the world. Have a money question? Email me here.Please leave us a rating or review in Apple Podcasts.Connect with me at these places for all my content:https://www.jillonmoney.com/https://twitter.com/jillonmoneyhttps://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/https://www.youtube.com/c/JillSchlesingerhttps://www.linkedin.com/in/jillonmoney/ https://www.stitcher.com/podcast/jill-on-moneyhttps://apple.co/2pmVi50"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
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About The Show
Host Jill Schlesinger, CFP®, tackles sometimes uncomfortable and even controversial money and investing issues, without the financial jargon, to get to the heart of what’s important for anyone to know. Jill takes listener phone calls and interviews informative and entertaining guests each week to uncover surprising insights and provide actionable information so you can make the most of your money. Have a question? Email us at askjill at jillonmoney dot com.