#65: The Future of Investing

Path to Progress with Paul Heintzman and John Ackerman

Jon Stein, Founder and CEO of Betterment, the country's largest robo-advisor with more than $18 billion in assets under management, shares how he built Betterment and why you should join the future of investing.

Some questions answered in this episode:

• How did you get the idea for Betterment?
• Why did Betterment start in 2008 during the last recession?
• How has Betterment grown so quickly?
• What makes Betterment different and separates it from competitors?
• What is Betterment's company culture?
• What drives Betterment's focus?
• Who are the primary Betterment customers?
• Does it get stressful having so much money under management?
• How has being located in New York helped Betterment grow?
• Why does Jon ride his bike to work?
• What are the biggest highs and lows since founding Betterment?
• What do Jon's days look like right now?
• How often does Jon check email and how does he shut out distractions?
• How does Jon judge Betterment's success?
• Why do so many millennials struggle with long-term saving and how does Betterment help?
• Will Betterment be launching any new products in the near future?
• How many employees currently work at Betterment?
• What advice would you give to an entrepreneur starting out who is hesitant about growing their company?
• What is the best thing you have spent money on in the last six months?
• What additional advice would you give to millennials?

Shoutouts:

• LaCroix
• How I Built This with Jon Stein
• Forbes article with Jon Stein
• Mr. Money Mustache Betterment experiment

Enjoyed this episode? Be sure to open a Betterment account (referral link to get 3 months free). Also, check out our podcast with Keith Blakely to learn more about investing and the economy.

Have any topics you want to be covered or amazing people you’d like us to interview? Let us know! You can email us at [e-mail]. You can also find us on Facebook, Instagram, Twitter, and Linkedin. Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe.