There is a podcast for everyone, no matter if you're just starting out in investing or an investor with experience. There are many topics that experts discuss. Planet Money, YNAB and Martinis and Your Money just a few. All of these shows are excellent and provide a wealth of information.
Martinis and Your Money
This episode features Lisa Zeiderman from Martinis and Your Money. She talks to Shannon McLay regarding the importance and challenges of financial independence after divorce. This podcast is all about personal finance and financial freedom. You can subscribe to the podcast using the GetPodcast app.
Planet Money
Planet Money podcasts provide a great opportunity to learn about economics while not spending too much time in class. Listening to twenty-minute episodes allows you to listen while you prepare for work, drive to class, or exercise 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 make it difficult for people to manage their money. To learn how to manage your grocery bill, listen to this podcast. With the price of food rising, grocery spending is becoming a major concern for many people. This podcast focuses on tips for grocery shopping and how you can avoid making unneeded purchases. You will also find strategies to make fun of food purchases.
Jake of All Trades
Jake of All Trades Money podcast is a great place for financial advice from two experts. This podcast features interviews with financial professionals and current trends. It also offers long-term financial planning advice. Kirk and Jake discuss personal finance and retirement, and give first-hand advice to help listeners make smarter financial decisions. Unfortunately, the show will be on hiatus at least for 6 seasons.
Frankie Cotton
The Money Matters podcast is a great listen if you'd like to learn more about personal finance. Interviews with Black women who are successful and valuable financial advice. It features both financial news and advice by established business owners.
You Need a Budget
You Need a Budget is an American personal budgeting software that uses 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 an excellent choice for people who want to be meticulous with their finances.
FAQ
Can I put my 401k into an investment?
401Ks can be a great investment vehicle. 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 you will only be able to invest what your employer matches.
If you take out your loan early, you will owe taxes as well as penalties.
What kind of investment vehicle should I use?
There are two main options available when it comes to investing: stocks and bonds.
Stocks are ownership rights in companies. Stocks are more profitable than bonds because they pay interest monthly, rather than annually.
Stocks are the best way to quickly create wealth.
Bonds tend to have lower yields but they are safer investments.
Keep in mind that there are other types of investments besides these two.
They include real property, precious metals as well art and collectibles.
Which age should I start investing?
The average person invests $2,000 annually in retirement savings. But, it's possible to save early enough to have enough money to enjoy a comfortable retirement. You may not have enough money for retirement if you do not start saving.
You need to save as much as possible while you're working -- and then continue saving after you stop working.
The earlier you start, the sooner you'll reach your goals.
Consider putting aside 10% from every bonus or paycheck when you start saving. You may also choose to invest in employer plans such as the 401(k).
You should contribute enough money to cover your current expenses. After that, you will be able to increase your contribution.
Statistics
- 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)
- Over time, the index has returned about 10 percent annually. (bankrate.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)
- 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 one of most popular ways to make money and build wealth. However, there are many factors that you should consider before buying bonds.
In general, you should invest in bonds if you want to achieve financial security in retirement. Bonds may offer higher rates than stocks for their return. If you're looking to earn interest at a fixed rate, bonds may be a better choice than CDs or savings accounts.
If you have the cash to spare, you might want to consider buying bonds with longer maturities (the length of time before the bond matures). They not only offer lower monthly payment but also give investors the opportunity to earn higher interest overall.
There are three types available for bonds: Treasury bills (corporate), municipal, and corporate bonds. Treasuries bills, short-term instruments issued in the United States by the government, are short-term instruments. They pay very low-interest rates and mature quickly, usually less than a year after the issue. Large corporations such as Exxon Mobil Corporation, General Motors, and Exxon Mobil Corporation often issue corporate bond. These securities generally yield higher returns 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. Higher-rated bonds are safer than low-rated ones. Diversifying your portfolio in different asset classes will help you avoid losing money due to market fluctuations. This helps to protect against investments going out of favor.