The Personal Finance Podcast

The Personal Finance Podcast

The Patient Investor's Playbook with Noah Kerner - CEO of Acorns

Jun 17, 2026 · 48 min · 12 segments

The CEO of Acorns says 96% of people who trade online lose money. Here is why slow and steady is still the only investing strategy that actually works. 👉 Join Andrew's FREE Masterclass The Portfolio…

The CEO of Acorns says 96% of people who trade online lose money. Here is why slow and steady is still the only investing strategy that actually works. 👉 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 The eight disturbing fintech trends that are quietly working against your wealth Why an investing app with a prediction market is like a bank with a blackjack table How $5 a day invested consistently can make you a millionaire over time Why the best investor according to research is literally a dead one Why holding cash is not safe and what most people get dangerously wrong about it How Noah Kerner personally invests his own money and why it is boring on purpose The one decade Noah lost to being too conservative and what it cost him in real dollars 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/ Episode/s Mentioned Should You Buy Into IPOs (SpaceX, Anthropic, or Open AI) https://youtu.be/e8r5h7RkOyo This is THE BIGGEST RISK to Your Retirement Portfolio https://youtu.be/7gXKEy66-bA Watch Next 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 The Insurance Crisis Nobody Is Talking About (With Bob Litterman) https://youtu.be/gBuIOQKQgFM Connect with Noah Kerner Personal: LinkedIn: https://www.linkedin.com/in/noahkerner/ Acorns Website: https://acorns.com LinkedIn: https://www.linkedin.com/company/acorns-grow-inc-/ 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: Are you investing the slow and steady way or have you been pulled into trading, prediction markets, or crypto? Drop your honest answer in the comments below. Learn more about your ad choices. Visit megaphone.fm/adchoices

The CEO of Acorns says 96% of people who trade online lose money. Here is why slow and steady is still the only investing strategy that actually works. 👉 Join Andrew's FREE Masterclass The Portfolio…

Cold-Open and Episode Setup0:00 – 2:23

Noah KernerGuest

0:00

It just means that there's no such thing as a get rich quick scheme.

Noah KernerGuest

0:02

And so we're not about hype or shiny objects or, or quick fixes.

Noah KernerGuest

0:06

We're about the reality of what it takes to grow your money, which is decades, not days.

Noah KernerGuest

0:12

Certainly, the normalization of spending money that you don't have is problematic.

Noah KernerGuest

0:18

I am very concerned about this idea that I keep hearing that the American dream is dead, and I think there's, like, real reasons for why people think that.

Noah KernerGuest

0:25

But what's not dead is the fact that you can invest small amounts of money every day in a diversified portfolio and stick with it for 10, 20, 30, 40 years.

Noah KernerGuest

0:33

It's not far from 100% of people who gamble lose money online.

Noah KernerGuest

0:36

I think it's 96%.

Noah KernerGuest

0:38

And trading is, is gambling.

Noah KernerGuest

0:40

I think an investing app with a prediction market is like a bank with a blackjack table.

Noah KernerGuest

0:44

That's the reality.

Noah KernerGuest

0:45

The best investor is a dead investor.

Noah KernerGuest

0:47

Turn it on.

Noah KernerGuest

0:48

Set it and forget it.

Noah KernerGuest

0:49

Cash is not safe, actually, 'cause you're losing money to inflation every year.

Andrew GiancolaHost

0:55

On this episode of the Personal Finance Podcast, how to build wealth the slow and steady way with Noah Kerner.

Andrew GiancolaHost

1:02

[upbeat music] What's up, everybody? And welcome to the Personal Finance Podcast.

Andrew GiancolaHost

1:15

I'm your host, Andrew, founder of MasterMoney.co. And today on the Personal Finance Podcast, we're gonna be diving into some trends I do not like in the fintech space, but also we're gonna dive into a conversation with Noah Kerner, who is the CEO of Acorns, and we're gonna talk through why slow and steady is going to help you build wealth.

Andrew GiancolaHost

1:34

If you guys have any questions, make sure you join the Master Money newsletter by going to MasterMoney.co/newsletter.

Andrew GiancolaHost

1:41

And don't forget to follow us on Apple Podcasts, Spotify, YouTube, or whatever your favorite podcast player is.

Andrew GiancolaHost

1:47

And if you wanna help out the show, consider leaving a five-star rating and review on Apple Podcasts, Spotify, or your favorite podcast player.

Andrew GiancolaHost

1:55

Now, today, we're gonna be talking through some of the disturbing trends that are happening within the fintech space.

Andrew GiancolaHost

2:00

And we're gonna talk to Noah Kerner, who is the CEO of Acorns, who is going to help walk us through why he believes there are a lot of problematic things in the fintech space.

Andrew GiancolaHost

2:10

We're also gonna dive into the slow and steady way to build wealth, and some of the things that he is seeing in the finance space that are really important for most of you to hear about.

Andrew GiancolaHost

2:19

So this is an action-packed episode.

Andrew GiancolaHost

2:21

So without further ado, let's get into it.

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