If you're interested in learning more about personal finance, there are a few podcasts you should check out. Each podcast offers tips and advice from industry experts to help you achieve financial freedom. These experts provide tips and advice on how to invest, budget, taxes, as well as other important money matters.
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. She also interviews business owners and professional advisers to learn about how they manage their money. Topics covered include investing and entrepreneurship.
The Australian Investors podcast is a collection of interviews between prominent 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 discuss their journeys and what they've learned along the way to success. Guests include Strawman Andrew Page, Andrew Page, and Chris Brycki (founders of Stockspot).
One of the most popular podcasts in the US is the Dave Ramsey show. This podcast covers a wide range of financial topics, including investing, taxes, retirement, and debt. Ramsey also answers caller questions.
Money Girl podcast is another podcast worth listening to. Laura Adams, a podcast host, discusses investing and personal finance. In her episodes, she provides a simplified version of complex financial topics, like student loan debt, tracking net worth, and how to invest in stocks. Her guests share their own financial stories and give tips and advice on using credit cards correctly, getting out of debt, and starting a side-business.
Another podcast that focuses on personal finance is FIPhysician. Big Al Clopine (certified public accountant) joins the show. He discusses asset allocation, 1031 exchanges and bonds. He also shares some of his early retirement experiences.
You can also visit the Money Nerds Podcast. It features contemporary voices and innovative ways to explain the economy. Even entertainment is covered. This podcast is great for anyone looking to learn how to make your finances more enjoyable or hear about people who have saved and invested well.
The Payback Time is a podcast, which despite its name, encourages you to create recurring income. 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 covered investing basics, building habits that will last, and the economics behind poker machines.
Money Bites is another podcast that addresses the big money questions. 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.
Another great personal finance podcast is Your Money's Worth. This podcast helps listeners learn how to use their income for saving money, paying off debt, and other financial topics. Financial advisors, entrepreneurs and others are among the featured guests. Podcast guests have discussed building a retirement plan, other investments, choosing a financial adviser, and many other topics.
FAQ
Can I make a 401k investment?
401Ks offer great opportunities for investment. However, they aren't available to everyone.
Most employers give their employees the option of putting their money in a traditional IRA or leaving it in the company's plan.
This means you can only invest the amount 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?
When it comes to investing, there are two options: stocks or bonds.
Stocks represent ownership interests in companies. They are better than bonds as they offer higher returns and pay more interest each month than annual.
You should focus on stocks if you want to quickly increase your wealth.
Bonds, meanwhile, tend to provide lower yields but are safer investments.
Keep in mind, there are other types as well.
These include real estate, precious metals and art, as well as collectibles and private businesses.
How can I manage my risk?
Risk management refers to being aware of possible losses in investing.
For example, a company may go bankrupt and cause its stock price to plummet.
Or, the economy of a country might collapse, causing its currency to lose value.
You could lose all your money if you invest in stocks
Therefore, it is important to remember that stocks carry greater risks than bonds.
Buy both bonds and stocks to lower your risk.
By doing so, you increase the chances of making money from both assets.
Spreading your investments across multiple asset classes can help reduce risk.
Each class has its own set of risks and rewards.
For instance, while stocks are considered risky, bonds are considered safe.
You might also consider investing in growth businesses if you are looking to build wealth through stocks.
Focusing on income-producing investments like bonds is a good idea if you're looking to save for retirement.
Statistics
- Over time, the index has returned about 10 percent annually. (bankrate.com)
- Some traders typically risk 2-5% of their capital based on any particular trade. (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)
- 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)
External Links
How To
How to start investing
Investing refers to putting money in something you believe is worthwhile and that you want to see prosper. It's about believing in yourself and doing what you love.
There are many options for investing in your career and business. However, you must decide how much risk to take. Some people love to invest in one big venture. Others prefer to spread their risk over multiple smaller investments.
Here are some tips for those who don't know where they should start:
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Do your research. Do your research.
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You need to be familiar with your product or service. Be clear about what your product/service does and who it serves. Also, understand why it's important. It's important to be familiar with your competition when you attempt to break into a new sector.
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Be realistic. You should consider your financial situation before making any big decisions. If you are able to afford to fail, you will never regret taking action. But remember, you should only invest when you feel comfortable with the outcome.
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Think beyond the future. Take a look at your past successes, and also the failures. Ask yourself whether you learned anything from them and if there was anything you could do differently next time.
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Have fun. Investing shouldn't be stressful. Start slowly and build up gradually. Keep track your earnings and losses, so that you can learn from mistakes. You can only achieve success if you work hard and persist.