E35: The Millionaire Mindset: Investment Secrets from StashAway's CEO - Michele Ferrario

Michele Ferrario is the Co-Founder and CEO of StashAway, the largest digital wealth manager in Southeast Asia and MENA with over $1B in assets under management. Before that Michele was the CEO of Zalora, the leading online fashion destination for Southeast Asia. In this episode, Michele reveals how everyone can become a millionaire and breaks down the not-so-secret timeless principles of investing that will help you take control of your finances and your future. He also shares the common traps laid out by the finance industry that despite promising “a safe retirement” actually prevents most people from reaching their true financial potential. Key topics: 00:00 Introducing StashAway 02:37 Why Investing is Critical 10:15 The Power of Dollar Cost Averaging 21:15 Defining Your Values 28:27 Predicting the Next Big Trend 30:19 Staying Ahead of the Game 39:24 Fighting inflation 45:10 Behind the banking system 59:04 The Principles of Successful Investing 01:07:45 The Outsized Impact of Fees 01:23:06 The Origin Story of StashAway