Whether you're an entrepreneur or just trying to get out of debt, a money podcast can teach you how to get the most out of your money. They are educational, entertaining, and fun. These podcasts will teach you the latest economic trends and how to improve financial skills.
Many of these podcasts, which are often money-making, can be listened to for free by podcast enthusiasts. They are an excellent resource for anyone with some time. They can also be used to make a side income. Podcasts can be listened to while driving, watching TV or working on your computer. If you want to make lasting changes, you need to commit to listening.
First, you should know that podcasts about best money are not all created equally. Some are specific to certain groups, while some are more general. You should find a money podcast that fits your needs and is within your budget. There are plenty of choices.
Paula Pant hosts the Afford Everything podcast. The podcast is humorous and teaches listeners how to save money. Pant interviews experts for valuable advice. Pant uses her bubbly personality to intersperse her answers with sound effects. Pant encourages her audience to set goals and work toward them. Pant recommends saving for retirement and earning extra income. She also addresses real estate, property investment, and debt management.
Farnoosh Turabi, a TV host and financial strategist, is an award-winning broadcaster. He interviews some of the biggest names in business and self-improvement. He is also a New York Times Bestseller. He hosts a podcast every day that offers tips and techniques for building credit and getting out of financial debt. He is also a great resource for college students looking for advice on how to finance school.
The Stacking Benjamins money podcast is a podcast that's both educational and entertaining. This podcast is a collection of internet personalities, each sharing their tips and tricks for a more financially savvy life. You can also find a segment about financial technology and a freelancing segment. A listener may have a money question. They have a website as well as a blog. Forbes and Entrepreneur have also recommended Stacking Benjamins.
The So Money podcast features stories of financial leaders including authors and entrepreneurs. Its main goal is to make complex topics seem easy to understand. Professional athletes, entrepreneurs, and other celebrities who have made it big are some of the featured guests. It also has a solid list of recommended reading.
The Millennial Money podcast can be a great podcast for millennials. You will find advice on how you can make money in your job, how to save for retirement, and much more. It also has a lot more information about mental and emotional health. The podcast's goal is to help millennials create their own lives. Its slogan reads "Candid conversation for a richer, more joyful life."
FAQ
Can I invest my 401k?
401Ks offer great opportunities for investment. They are not for everyone.
Most employers give employees two choices: they can either deposit their money into a traditional IRA (or leave it in the company plan).
This means that you can only invest what your employer matches.
Additionally, penalties and taxes will apply if you take out a loan too early.
Should I diversify the portfolio?
Many people believe that diversification is the key to successful investing.
Many financial advisors will recommend that you spread your risk across various asset classes to ensure that no one security is too weak.
But, this strategy doesn't always work. You can actually lose more money if you spread your bets.
As an example, let's say you have $10,000 invested across three asset classes: stocks, commodities and bonds.
Suppose that the market falls sharply and the value of each asset drops by 50%.
There is still $3,500 remaining. However, if you kept everything together, you'd only have $1750.
In reality, your chances of losing twice as much as if all your eggs were into one basket are slim.
It is essential to keep things simple. Take on no more risk than you can manage.
What should I invest in to make money grow?
You should have an idea about what you plan to do with the money. How can you expect to make money if your goals are not clear?
Also, you need to make sure that income comes from multiple sources. In this way, if one source fails to produce income, the other can.
Money doesn't just come into your life by magic. It takes hard work and planning. Plan ahead to reap the benefits later.
How long does it take to become financially independent?
It depends on many factors. Some people can become financially independent within a few months. Some people take years to achieve that goal. It doesn't matter how much time it takes, there will be a point when you can say, “I am financially secure.”
You must keep at it until you get there.
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)
- 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)
- 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)
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How To
How to invest and trade commodities
Investing means purchasing physical assets such as mines, oil fields and plantations and then selling them later for higher prices. This process is called commodity trading.
Commodity investment is based on the idea that when there's more demand, the price for a particular asset will rise. The price falls when the demand for a product drops.
If you believe the price will increase, then you want to purchase it. You'd rather sell something if you believe that the market will shrink.
There are three major categories of commodities investor: speculators; hedgers; and arbitrageurs.
A speculator will buy a commodity if he believes the price will rise. He doesn't care whether the price falls. A person who owns gold bullion is an example. Or an investor in oil futures.
An investor who believes that the commodity's price will drop is called 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. You borrow shares from another person, then you replace them with yours. This will allow you to hope that the price drops enough to cover the difference. Shorting shares works best when the stock is already falling.
An "arbitrager" is the third type. Arbitragers trade one thing to get another thing they prefer. If you're looking to buy coffee beans, you can either purchase direct from farmers or invest in coffee futures. Futures allow you the flexibility to sell your coffee beans at a set price. While you don't have to use the coffee beans right away, you can decide whether to keep them or to sell them later.
You can buy things right away and save money later. You should buy now if you have a future need for something.
However, there are always risks when investing. One risk is that commodities prices could fall unexpectedly. Another possibility is that your investment's worth could fall over time. You can reduce these risks by diversifying your portfolio to include many different types of investments.
Taxes should also be considered. You must calculate how much tax you will owe on your profits if you intend to sell your investments.
Capital gains tax is required for investments that are held longer than one calendar year. Capital gains taxes are only applicable to profits earned after you have held your investment for more that 12 months.
You may get ordinary income if you don't plan to hold on to your investments for the long-term. On earnings you earn each fiscal year, ordinary income tax applies.
Commodities can be risky investments. You may lose money the first few times you make an investment. However, you can still make money when your portfolio grows.