Whether you are just starting out or are an experienced investor, there is a money podcast that will help you. There are many topics that experts discuss. Planet Money, YNAB and Martinis and Your Money are just a handful. 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 financial podcast is dedicated to financial freedom and the benefits of personal finance. You can subscribe to the podcast using the GetPodcast app.
Planet Money
Planet Money podcasts offer a great way of learning about economics, without having to spend too much time in the classroom. Episodes last twenty minutes so you can listen while you're at work, driving to class or exercising at the fitness center. Planet Money is not a traditional news program, but rather a podcast that examines the economy in detail.
YNAB
If you are interested in creating a budget, the YNAB podcast money offers excellent advice. ADHD can make it difficult for people to manage their money. Listen to this podcast to learn tips about managing your grocery expenses. Groceries have become a major concern with rising prices. This podcast will give you tips on how to grocery shop and avoid unnecessary purchases. This podcast also offers strategies for making fun food purchases.
Jake of All Trades
The Jake of All Trades money podcast is a great place to get financial advice from two financial experts. The show features interviews with financial experts and current trends, along with long-term financial planning advice. Kirk and Jake also address issues related to retirement and personal finance, and offer first-hand experience to help listeners make better financial decisions. Unfortunately, the show is currently on hiatus for at least 6 seasons.
Frankie Cotton
If you're interested in personal finance, Money Matters is a great podcast to listen to. The podcast features interviews with Black women who have achieved success and offers valuable financial advice. This podcast combines financial news with advice from business owners.
Budget is important
You Need a Budget is an American multi-platform personal budgeting program based on the envelope method. Lifehacker readers rated it the best budgeting tool in 2013. The Wirecutter named it a "great pick" for serious budgeters. It's a popular choice among people who love to be very careful with their finances.
FAQ
How can I invest and grow my money?
Learning how to invest wisely is the best place to start. By learning how to invest wisely, you will avoid losing all of your hard-earned money.
Also, learn how to grow your own food. It's not difficult as you may think. You can grow enough vegetables for your family and yourself with the right tools.
You don't need much space either. You just need to have enough sunlight. Also, try planting flowers around your house. You can easily care for them and they will add beauty to your home.
Consider buying used items over brand-new items if you're looking for savings. The cost of used goods is usually lower and the product lasts longer.
How can I make wise investments?
An investment plan is essential. It is essential to know the purpose of your investment and how much you can make back.
You must also consider the risks involved and the time frame over which you want to achieve this.
This way, you will be able to determine whether the investment is right for you.
Once you have settled on an investment strategy to pursue, you must stick with it.
It is better to only invest what you can afford.
How long does a person take to become financially free?
It depends on many factors. Some people are financially independent in a matter of days. Others take years to reach that goal. However, no matter how long it takes you to get there, there will come a time when you are financially free.
You must keep at it until you get there.
Statistics
- Over time, the index has returned about 10 percent annually. (bankrate.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)
- An important note to remember is that a bond may only net you a 3% return on your money over multiple years. (ruleoneinvesting.com)
- Most banks offer CDs at a return of less than 2% per year, which is not even enough to keep up with inflation. (ruleoneinvesting.com)
External Links
How To
How to invest in Commodities
Investing means purchasing physical assets such as mines, oil fields and plantations and then selling them later for higher prices. This is called commodity-trading.
Commodity investing is based upon the assumption that an asset's value will increase if there is greater demand. The price tends to fall when there is less demand for the product.
You don't want to sell something if the price is going up. And you want to sell something when you think the market will decrease.
There are three major types of commodity investors: hedgers, speculators and arbitrageurs.
A speculator buys a commodity because he thinks the price will go up. He doesn't care what happens if the value falls. An example would be someone who owns gold bullion. Or someone who invests in oil futures contracts.
An investor who invests in a commodity to lower its price is known as a "hedger". Hedging is an investment strategy that protects you against sudden changes in the value of your investment. If you are a shareholder in a company making widgets, and the value of widgets drops, then you might be able to hedge your position by selling (or shorting) some shares. This means that you borrow shares and replace them using yours. When the stock is already falling, shorting shares works well.
The third type of investor is an "arbitrager." Arbitragers trade one thing in order to obtain another. If you're looking to buy coffee beans, you can either purchase direct from farmers or invest in coffee futures. Futures enable you to sell coffee beans later at a fixed rate. You are not obliged to use the coffee bean, but you have the right to choose whether to keep or sell them.
All this means that you can buy items now and pay less later. If you're certain that you'll be buying something in the near future, it is better to get it now than to wait.
There are risks associated with any type of investment. One risk is the possibility that commodities prices may fall unexpectedly. The second risk is that your investment's value could drop over time. These risks can be reduced by diversifying your portfolio so that you have many types of investments.
Taxes are another factor you should consider. If you plan to sell your investments, you need to figure out how much tax you'll owe on the profit.
Capital gains taxes should be considered if your investments are held for longer than one year. Capital gains taxes only apply to profits after an investment has been held for over 12 months.
If you don't expect to hold your investments long term, you may receive ordinary income instead of capital gains. Earnings you earn each year are subject to ordinary income taxes
When you invest in commodities, you often lose money in the first few years. As your portfolio grows, you can still make some money.