Podcasts can be used to help you save money, invest, budget, or tackle major life goals, such as buying a home or retiring early. These podcasts are available in a range of topics, so it's easy to find one you like.
The Best Money Saving Podcasts for 2020
No matter how bad your situation is, there's always potential for improvement. We have compiled a list of the top podcasts that offer practical, helpful advice to help you reach financial goals.
Best Budgeting Podcasts For 2020
Even if you aren't a fan of budgeting there are plenty podcasts available that can help you create a plan, and then stick to it. Some podcasts are for newbies while others can be used to provide guidance for the more experienced savers. Whatever podcast on budgeting you choose to listen to, it's certain that you'll get a lot out.
Top Budgeting Podcasts 2019
If you're just getting started with budgeting, it's best to listen to podcasts that are designed for beginners. They will show you how budgeting works, how to track spending, and how to save money. Experienced savers will also be available to share their experiences and offer advice on how to achieve your financial goals.
Best Budgeting Podcasts - Millennials
A budget is essential for young people who are just starting out in the workforce. It also helps to avoid common pitfalls. This can be done by listening to a money-saving podcast, which focuses on the needs of millennials such as how to save for college and manage debt.
These podcasts are designed to help you improve your financial literacy so you can realize your financial goals.
Planet Money is NPR’s most popular podcast. It specializes in economic news. They have a great sense of storytelling and are easy to listen to when you're on-the-go. They discuss current economic trends and what these mean for you.
You can also find informative short stories on topics such as how to use social media tax purposes or why you shouldn’t have all your eggs in one place. These podcasts are great for your commute to work, especially if it's difficult to fit in podcasts into your busy schedule.
Farnoosh Torabi, a financial strategist and television host, has created So Money. Her podcasts feature interviews of entrepreneurs, authors, celebrities, as well as other influential figures. On Fridays, she hosts the Ask Farnoosh podcast in which she answers listeners' questions.
Torabi carefully selects her podcast guests to make sure they have relevant and interesting stories to share. She will often choose people with whom she feels a sense of connection.
FAQ
What should I look at when selecting a brokerage agency?
You should look at two key things when choosing a broker firm.
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Fees: How much commission will each trade cost?
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Customer Service - Can you expect to get great customer service when something goes wrong?
A company should have low fees and provide excellent customer support. You won't regret making this choice.
What are the 4 types?
There are four main types: equity, debt, real property, and cash.
The obligation to pay back the debt at a later date is called debt. It is typically used to finance large construction projects, such as houses and factories. Equity is when you buy shares in a company. Real estate is land or buildings you own. Cash is what you have now.
You are part owner of the company when you invest money in stocks, bonds or mutual funds. Share in the profits or losses.
Should I make an investment in real estate
Real Estate Investments offer passive income and are a great way to make money. They do require significant upfront capital.
Real estate may not be the right choice if you want fast returns.
Instead, consider putting your money into dividend-paying stocks. These stocks pay you monthly dividends which can be reinvested for additional earnings.
How can I manage my risks?
Risk management refers to being aware of possible losses in investing.
It is possible for a company to go bankrupt, and its stock price could plummet.
Or, a country's economy could collapse, causing the value of its currency to fall.
You can lose your entire capital if you decide to invest in stocks
This is why stocks have greater risks than bonds.
Buy both bonds and stocks to lower your risk.
This increases the chance of making money from both assets.
Spreading your investments across multiple asset classes can help reduce risk.
Each class comes with its own set risks and rewards.
For example, stocks can be considered risky but bonds can be considered safe.
So, if you are interested in building wealth through stocks, you might want to invest in growth companies.
You may want to consider income-producing securities, such as bonds, if saving for retirement is something you are serious about.
What is the time it takes to become financially independent
It depends upon many factors. Some people can be financially independent in one day. Others may take years to reach this point. It doesn't matter how long it takes to reach that point, you will always be able to say, "I am financially independent."
The key is to keep working towards that goal every day until you achieve it.
How do I determine if I'm ready?
The first thing you should think about is how old you want to retire.
Are there any age goals you would like to achieve?
Or would you rather enjoy life until you drop?
Once you have determined a date for your target, you need to figure out how much money will be needed to live comfortably.
Then, determine the income that you need for retirement.
Finally, calculate how much time you have until you run out.
Statistics
- An important note to remember is that a bond may only net you a 3% return on your money over multiple years. (ruleoneinvesting.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)
- 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)
- 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 stocks
One of the most popular methods to make money is investing. It's also one of the most efficient ways to generate passive income. As long as you have some capital to start investing, there are many opportunities out there. You just have to know where to look and what to do. The following article will explain how to get started in investing in stocks.
Stocks are the shares of ownership in companies. There are two types. Common stocks and preferred stocks. Prefer stocks are private stocks, and common stocks can be traded on the stock exchange. Public shares trade on the stock market. They are priced on the basis of current earnings, assets, future prospects and other factors. Stocks are bought by investors to make profits. This is called speculation.
There are three main steps involved in buying stocks. First, decide whether you want individual stocks to be bought or mutual funds. Next, decide on the type of investment vehicle. Third, you should decide how much money is needed.
Decide whether you want to buy individual stocks, or mutual funds
It may be more beneficial to invest in mutual funds when you're just starting out. These mutual funds are professionally managed portfolios that include several stocks. When choosing mutual funds, consider the amount of risk you are willing to take when investing your money. Mutual funds can have greater risk than others. For those who are just starting out with investing, it is a good idea to invest in low-risk funds to get familiarized with the market.
If you would prefer to invest on your own, it is important to research all companies before investing. Be sure to check whether the stock has seen a recent price increase before purchasing. Do not buy stock at lower prices only to see its price rise.
Select Your Investment Vehicle
Once you've decided whether to go with individual stocks or mutual funds, you'll need to select an investment vehicle. An investment vehicle is just another way to manage your money. You could place your money in a bank and receive monthly interest. You could also create a brokerage account that allows you to sell individual stocks.
You can also establish a self directed IRA (Individual Retirement Account), which allows for direct stock investment. The Self-DirectedIRAs work in the same manner as 401Ks but you have full control over the amount you contribute.
Your needs will guide you in choosing the right investment vehicle. You may want to diversify your portfolio or focus on one stock. Do you seek stability or growth potential? How comfortable do you feel managing your own finances?
All investors should have access information about their accounts, according to the IRS. To learn more about this requirement, visit www.irs.gov/investor/pubs/instructionsforindividualinvestors/index.html#id235800.
Find out how much money you should invest
The first step in investing is to decide how much income you would like to put aside. You can save as little as 5% or as much of your total income as you like. The amount you choose to allocate varies depending on your goals.
If you're just starting to save money for retirement, you might be uncomfortable committing too much to investments. You might want to invest 50 percent of your income if you are planning to retire within five year.
Remember that how much you invest can affect your returns. You should consider your long-term financial plans before you decide on how much of your income to invest.