If you're interested in learning more about personal finance, there are a few podcasts you should check out. Each podcast provides tips and advice from financial experts to help you get your financial freedom. These experts can offer advice on budgeting, taxes, investing, and other important money topics.
Bobbi Hill hosts an audio podcast that focuses primarily on personal finance and teaching financial independence for young adults. The show features guests sharing their money experiences and their plans to increase their wealth. She also interviews professional advisers and business owners to get their views on how they manage money. The topic of investing and entrepreneurship is also discussed.
The Australian Investors Podcast features conversations between top investors. This podcast discusses the investment strategies of successful investors as well as investment pitfalls. The episodes have featured prominent figures from the financial services sector and authors. They talk about their journeys, lessons learned, and the ways they've achieved wealth. The show's guests include Strawman Andrew Page and Chris Brycki, founders of Stockspot.
Dave Ramsey's podcast is one the most listened to 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. Laura Adams, a podcast host, discusses investing and personal finance. She simplifies complex financial topics like student loan debt, tracking your net worth, and investing in stocks. Her guests share their personal financial stories and share tips and techniques for getting out debt, properly using credit cards, and making extra money through a side venture.
FIPhysician is another podcast which focuses on personal finances. Big Al Clopine (certified public accountant) joins the show. He discusses asset allocation, 1031 exchanges and bonds. He also shares the story of an early retiree.
You can also check out the Money Nerds podcast. The show features modern voices as well as cutting-edge methods to explain the economy. There is even an entertainment section. This podcast is worth the listen, no matter if you are looking to entertain your finances or learn about stories of people who managed to save and invest well.
The Payback Time has a podcast to inspire you to become rich through creating recurring income, despite the name. Listeners have asked for advice on how to make passive income and how you can become financially independent. Two millennials were recently on their journey to retirement. The show previously covered topics such as real estate investing basics, building solid habits, and economics of poker machines.
Money Bites podcast is another podcast that tackles important questions about money. This podcast is hosted and produced by a father/daughter couple. The couple has previously discussed renting a vacation property, balancing a portfolio, or addressing large amounts of debt.
Your Money’s Worth is another great podcast for personal finance. This podcast helps listeners learn how to use their income for saving money, paying off debt, and other financial topics. Featured guests include financial advisers, entrepreneurs, and other experts. The podcast features guests who discuss how to create a 401k and other investments, as well as how to select a financial advisor.
FAQ
Can I make my investment a loss?
Yes, you can lose all. There is no guarantee that you will succeed. There are however ways to minimize the chance of losing.
One way is diversifying your portfolio. Diversification can spread the risk among assets.
You could also use stop-loss. Stop Losses are a way to get rid of shares before they fall. This lowers your market exposure.
Margin trading can be used. Margin trading allows for you to borrow funds from banks or brokers to buy more stock. This increases your chances of making profits.
What investments are best for beginners?
Investors new to investing should begin by investing in themselves. They should learn how manage money. Learn how retirement planning works. Budgeting is easy. Learn how to research stocks. Learn how you can read financial statements. Learn how to avoid falling for scams. How to make informed decisions Learn how you can diversify. Learn how to protect against inflation. How to live within one's means. Learn how wisely to invest. Learn how to have fun while doing all this. It will amaze you at the things you can do when you have control over your finances.
What are the different types of investments?
There are four main types: equity, debt, real property, and cash.
It is a contractual obligation to repay the money later. This is often used to finance large projects like factories and houses. Equity is when you purchase shares in a company. Real Estate is where you own land or buildings. Cash is the money you have right now.
When you invest your money in securities such as stocks, bonds, mutual fund, or other securities you become a part of the business. You share in the losses and profits.
Is it possible to make passive income from home without starting a business?
It is. In fact, the majority of people who are successful today started out as entrepreneurs. Many of them owned businesses before they became well-known.
You don't necessarily need a business to generate passive income. Instead, you can just create products and/or services that others will use.
You might write articles about subjects that interest you. Or you could write books. Consulting services could also be offered. You must be able to provide value for others.
Statistics
- 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)
- Some traders typically risk 2-5% of their capital based on any particular trade. (investopedia.com)
- 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)
- 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 and trade commodities
Investing is the purchase of physical assets such oil fields, mines and plantations. Then, you sell them at higher prices. This process 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.
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 buys a commodity because he thinks the price will go up. He doesn't care what happens if the value falls. For example, someone might own gold bullion. Or someone who is an investor in oil futures.
An investor who believes that the commodity's price will drop is called a "hedger." Hedging is a way to protect yourself against unexpected changes in the price 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. The stock is falling so shorting shares is best.
The third type of investor is an "arbitrager." Arbitragers trade one thing to get another thing they prefer. For example, you could purchase coffee beans directly from farmers. Or you could invest in futures. Futures allow the possibility to sell coffee beans later for a fixed price. You have no obligation actually to use the coffee beans, but you do have the right to decide whether you want to keep them or sell them later.
You can buy something now without spending more than you would later. You should buy now if you have a future need for something.
There are risks associated with any type of investment. One risk is that commodities could drop unexpectedly. Another possibility is that your investment's worth could fall over time. Diversifying your portfolio can help reduce these risks.
Taxes are another factor you should consider. Consider how much taxes you'll have to pay if your investments are sold.
If you're going to hold your investments longer than a year, you should also consider capital gains taxes. Capital gains taxes are only applicable to profits earned after you have held your investment for more that 12 months.
If you don't anticipate holding your investments long-term, ordinary income may be available instead of capital gains. Earnings you earn each year are subject to ordinary income taxes
Investing in commodities can lead to a loss of money within the first few years. You can still make a profit as your portfolio grows.