Podcasts can be helpful for investors of all levels, from novice to seasoned. Experts in the field will discuss a variety of topics. Planet Money and Martinis and Your Money (all by YNAB) are just a few. All of these shows are excellent and provide a wealth of information.
Martinis and Your Money
In this episode, Lisa Zeiderman, of the Martinis and Your Money podcast, talks to Shannon McLay about the importance of financial independence during divorce. This podcast is about financial freedom and personal finance. Subscribe to the podcast with the GetPodcast application
Planet Money
Planet Money podcasts can be a great way for you to learn economics without having to spend a lot of time in class. With episodes lasting twenty minutes, you can listen while getting ready for work, driving to class, or exercising at the gym. Planet Money is a podcast about the economy that goes deeper than traditional TV programs.
YNAB
The YNAB money podcast offers great advice for people who want to create a budget. ADHD can lead people with ADHD to have financial difficulties. You can listen to this podcast for tips and tricks to manage your grocery budget. Many people are concerned about grocery shopping because of the rising cost of food. This podcast will give you tips on how to grocery shop and avoid unnecessary purchases. It also includes strategies for "fun" and strategic food purchases.
Jake of All Trades
Jake of All Trades Money podcast is a great place for financial advice from two experts. The show features interviews and information about current trends as well long-term financial planning advice. Kirk and Jake also discuss retirement and personal finances and provide first-hand knowledge to assist listeners in making better financial decisions. The show is currently in hiatus for at most 6 seasons.
Frankie Cotton
If you are interested in learning more about personal finance, The Money Matters podcast can be a great listening experience. Interviews with Black women in success and invaluable financial advice are part of the podcast. It features both financial news and advice by established business owners.
A budget is essential
You Need a Budget is an American multi-platform personal budgeting program based on the envelope method. In 2013, it was rated the best budgeting software by Lifehacker readers and was named by the Wirecutter as a "great pick for hard-core budgeters". It is a popular choice if you are meticulous with your finances.
FAQ
How do I invest wisely?
It is important to have an investment plan. It is important to know what you are investing for and how much money you need to make back on your investments.
Also, consider the risks and time frame you have to reach your goals.
This way, you will be able to determine whether the investment is right for you.
Once you have decided on an investment strategy, you should stick to it.
It is best not to invest more than you can afford.
How do I know if I'm ready to retire?
It is important to consider how old you want your retirement.
Do you have a goal age?
Or, would you prefer to live your life to the fullest?
Once you have established a target date, calculate how much money it will take to make your life comfortable.
The next step is to figure out how much income your retirement will require.
Finally, you need to calculate how long you have before you run out of money.
Does it really make sense to invest in gold?
Since ancient times gold has been in existence. It has remained a stable currency throughout history.
But like anything else, gold prices fluctuate over time. A profit is when the gold price goes up. You will lose if the price falls.
It all boils down to timing, no matter how you decide whether or not to invest.
What do I need to know about finance before I invest?
You don't need special knowledge to make financial decisions.
All you need is commonsense.
Here are some simple tips to avoid costly mistakes in investing your hard earned cash.
First, be careful with how much you borrow.
Do not get into debt because you think that you can make a lot of money from something.
Make sure you understand the risks associated to certain investments.
These include taxes and inflation.
Finally, never let emotions cloud your judgment.
It's not gambling to invest. It takes skill and discipline to succeed at it.
These guidelines are important to follow.
What are the best investments to help my money grow?
You need to have an idea of what you are going to do with the money. What are you going to do with the money?
You should also be able to generate income from multiple sources. This way if one source fails, another can take its place.
Money doesn't just come into your life by magic. It takes planning and hardwork. You will reap the rewards if you plan ahead and invest the time now.
Statistics
- If your stock drops 10% below its purchase price, you have the opportunity to sell that stock to someone else and still retain 90% of your risk capital. (investopedia.com)
- 0.25% management fee $0 $500 Free career counseling plus loan discounts with a qualifying deposit Up to 1 year of free management with a qualifying deposit Get a $50 customer bonus when you fund your first taxable Investment Account (nerdwallet.com)
- Some traders typically risk 2-5% of their capital based on any particular trade. (investopedia.com)
- According to the Federal Reserve of St. Louis, only about half of millennials (those born from 1981-1996) are invested in the stock market. (schwab.com)
External Links
How To
How to Invest In Bonds
Bonds are a great way to save money and grow your wealth. However, there are many factors that you should consider before buying bonds.
If you are looking to retire financially secure, bonds should be your first choice. You may also choose to invest in bonds because they offer higher rates of return than stocks. Bonds could be a better investment than savings accounts and CDs if your goal is to earn interest at an annual rate.
If you have the cash available, you might consider buying bonds that have a longer maturity (the amount of time until the bond matures). While longer maturity periods result in lower monthly payments, they can also help investors earn more interest.
Three types of bonds are available: Treasury bills, corporate and municipal bonds. Treasuries bonds are short-term instruments issued US government. They pay low interest rates and mature quickly, typically in less than a year. Companies like Exxon Mobil Corporation and General Motors are more likely to issue corporate bonds. These securities are more likely to yield higher yields than Treasury bills. Municipal bonds are issued by state, county, city, school district, water authority, etc. and generally yield slightly more than corporate bonds.
When choosing among these options, look for bonds with credit ratings that indicate how likely they are to default. The bonds with higher ratings are safer investments than the ones with lower ratings. You can avoid losing your money during market fluctuations by diversifying your portfolio to multiple asset classes. This helps prevent any investment from falling into disfavour.