A few podcasts are worth checking out if you're interested learning more about personal financial planning. Each podcast features advice and tips from experts in the field to help you reach financial freedom. These experts offer tips on investing, budgeting, taxes, and other important money issues.
Bobbi Hill hosts a podcast about personal finance that teaches financial independence to young adults. The guests share their stories about money and how they plan on growing their wealth. To learn more about the money management of business owners and professional advisors, she interviews them. She also discusses investing and entrepreneurship.
The Australian Investors Podcast is an ongoing series of interviews with top investors. It discusses investment pitfalls and the investment philosophies that have made them successful. Some episodes feature authors, while others are dominated by financial service industry professionals. They talk about their journeys, lessons learned, and the ways they've achieved wealth. Guests have included Strawman Andrew Page (founder of Stockspot Chris Brycki) and Strawman Andrew Page (founders).
Dave Ramsey is a popular podcast in the US. The podcast covers many financial topics including taxes, investing, retirement and debt. Ramsey also answers caller questions.
Another podcast to check out is the Money Girl podcast. In this podcast, Laura Adams discusses personal finance and investing. She offers a simplified view of complex financial topics like tracking net worth and student loans. She shares their financial stories with her guests and offers tips and tricks to help them get out of debt, use credit cards correctly, and make money from a side hustle.
FIPhysician is another podcast which focuses on personal finances. Big Al Clopine is a certified public accountant who joins the show to discuss asset allocation, 1031 Exchanges, bonds and many other topics. He also shares the story of an early retiree.
You can also check out the Money Nerds podcast. The show features innovative voices and new ways to explain economic issues. There is even an entertainment section. This podcast is worth listening to if you are looking for entertaining ways to improve your finances or to hear the stories of people who have been able to save money and invest well.
The Payback Time has a podcast to inspire you to become rich through creating recurring income, despite the name. Listeners asked questions about creating a passive income and how to achieve financial independence. A recent episode featured two millennials on the way to retirement. The show previously covered topics such as real estate investing basics, building solid habits, and economics of poker machines.
Another podcast that tackles the big questions about money is Money Bites. Money Bites is hosted by a father and his daughter. It includes entertainment and answers to big money questions. They have previously discussed renting a vacation house, balancing a portfolio and dealing with large amounts of debt.
Your Money's Worth is another excellent podcast on personal finance. This podcast teaches listeners about how to use income to pay off debt and save for retirement. Financial advisors, entrepreneurs and others are among the featured guests. The podcast hosts have discussed topics such as building a 401(k), other investments, and how to choose a good financial advisor.
FAQ
What should I look out for when selecting a brokerage company?
Two things are important to consider when selecting a brokerage company:
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Fees – How much are you willing to pay for each trade?
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Customer Service - Do you have the ability to provide excellent customer service in case of an emergency?
Look for a company with great customer service and low fees. You won't regret making this choice.
Which type of investment yields the greatest return?
It is not as simple as you think. It all depends on how risky you are willing to take. You can imagine that if you invested $1000 today, and expected a 10% annual rate, then $1100 would be available after one year. Instead of investing $100,000 today, and expecting a 20% annual rate (which can be very risky), then you'd have $200,000 by five years.
In general, the greater the return, generally speaking, the higher the risk.
Therefore, the safest option is to invest in low-risk investments such as CDs or bank accounts.
This will most likely lead to lower returns.
However, high-risk investments may lead to significant gains.
You could make a profit of 100% by investing all your savings in stocks. But it could also mean losing everything if stocks crash.
Which one is better?
It all depends upon your goals.
It makes sense, for example, to save money for retirement if you expect to retire in 30 year's time.
High-risk investments can be a better option if your goal is to build wealth over the long-term. They will allow you to reach your long-term goals more quickly.
Keep in mind that higher potential rewards are often associated with riskier investments.
However, there is no guarantee you will be able achieve these rewards.
How much do I know about finance to start investing?
To make smart financial decisions, you don’t need to have any special knowledge.
All you really need is common sense.
These tips will help you avoid making costly mistakes when investing your hard-earned money.
Be cautious with the amount you borrow.
Don't get yourself into debt just because you think you can make money off of something.
You should also be able to assess the risks associated with certain investments.
These include inflation, taxes, and other fees.
Finally, never let emotions cloud your judgment.
Remember that investing is not gambling. To succeed in investing, you need to have the right skills and be disciplined.
As long as you follow these guidelines, you should do fine.
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)
- As a general rule of thumb, you want to aim to invest a total of 10% to 15% of your income each year for retirement — your employer match counts toward that goal. (nerdwallet.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)
- An important note to remember is that a bond may only net you a 3% return on your money over multiple years. (ruleoneinvesting.com)
External Links
How To
How to Invest in Bonds
Bond investing is a popular way to build wealth and save money. But there are many factors to consider when deciding whether to buy bonds, including your personal goals and risk tolerance.
If you want to be financially secure in retirement, then you should consider investing in bonds. Bonds can offer higher rates to return than stocks. Bonds are a better option than savings or CDs for earning interest at a fixed rate.
If you have extra cash, you may want to buy bonds with longer maturities. These are the lengths of time that the bond will mature. While longer maturity periods result in lower monthly payments, they can also help investors earn more interest.
Bonds come in three types: Treasury bills, corporate, and municipal bonds. Treasuries bonds are short-term instruments issued US government. They have very low interest rates and mature in less than one year. Corporate bonds are typically issued by large companies such as General Motors or Exxon Mobil Corporation. These securities are more likely to yield higher yields than Treasury bills. Municipal bonds are issued by states, cities, counties, school districts, water authorities, etc., and they generally carry slightly higher yields than corporate bonds.
Look for bonds that have credit ratings which indicate the likelihood of default when choosing from these options. High-rated bonds are considered safer investments than those with low ratings. Diversifying your portfolio in different asset classes will help you avoid losing money due to market fluctuations. This will protect you from losing your investment.