There is a podcast for everyone, no matter if you're just starting out in investing or an investor with experience. Many great topics are covered by experts in this field. Planet Money, YNAB and Martinis and Your Money just a few. These shows provide an abundance of information and are great.
Martinis and Your Money
This episode features Lisa Zeiderman of Martinis and Your Money talking to Shannon McLay on the importance of financial independence in divorce. This financial podcast is about financial freedom, personal finance, and the benefits. Subscribe to the podcast via the GetPodcast app
Planet Money
Planet Money podcasts are a great way to learn about economics without spending a lot of time in the classroom. The episodes last twenty minutes and can be listened to while you are getting ready to go, driving to work, or at the gym. Planet Money is not like traditional television shows. It's a podcast which explores the economy in greater detail than other news programs.
YNAB
The YNAB money podcast offers great advice for people who want to create a budget. Many people struggle with money, and having ADHD can lead to financial problems. Listen to this podcast to get tips for managing your grocery budget. Groceries spending is a growing concern due to rising food prices. This podcast offers tips on grocery shopping and ways to avoid unnecessary purchases. This podcast offers tips for shopping smart and strategies for fun food purchases.
Jake of All Trades
Jake of All Trades' money podcast is a great way to get financial advice from 2 financial experts. Interviews with financial experts, current trends, and long-term financial planning advice are all part of the show. Kirk and Jake also discuss retirement and personal finances and provide first-hand knowledge to assist listeners in making better financial decisions. Unfortunately, the show will be on hiatus at least for 6 seasons.
Frankie Cotton
If you are interested in learning more about personal finance, The Money Matters podcast can be a great listening experience. It features interviews with successful Black women and priceless financial advice. The podcast features financial news as well as advice from successful business owners.
You will need a budget
You Need a Budget is an American multi-platform personal budgeting program based on 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 a popular choice if you are meticulous with your finances.
FAQ
Is passive income possible without starting a company?
Yes, it is. In fact, many of today's successful people started their own businesses. Many of them were entrepreneurs before they became celebrities.
To make passive income, however, you don’t have to open a business. Instead, create products or services that are useful to others.
You might write articles about subjects that interest you. You could even write books. You could even offer consulting services. It is only necessary that you provide value to others.
Do I need to diversify my portfolio or not?
Many believe diversification is key to success in investing.
Many financial advisors will advise you to spread your risk among different asset classes, so that there is no one security that falls too low.
But, this strategy doesn't always work. You can actually lose more money if you spread your bets.
Imagine that you have $10,000 invested in three asset classes. One is stocks and one is commodities. The last is bonds.
Let's say that the market plummets sharply, and each asset loses 50%.
You still have $3,000. 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. Don't take more risks than your body can handle.
How do I know if I'm ready to retire?
First, think about when you'd like to retire.
Is there a specific age you'd like to reach?
Or would it be better to enjoy your life until it ends?
Once you have determined a date for your target, you need to figure out how much money will be needed to live comfortably.
You will then need to calculate how much income is needed to sustain yourself until retirement.
Finally, you need to calculate how long you have before you run out of money.
Do you think it makes sense to invest in gold or silver?
Since ancient times gold has been in existence. It has remained valuable throughout history.
However, like all things, gold prices can fluctuate over time. You will make a profit when the price rises. When the price falls, you will suffer a loss.
It doesn't matter if you choose to invest in gold, it all comes down to timing.
Statistics
- 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)
- They charge a small fee for portfolio management, generally around 0.25% of your account balance. (nerdwallet.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 in Bonds
Bonds are a great way to save money and grow your wealth. However, there are many factors that you should consider before buying bonds.
If you want financial security in retirement, it is a good idea to invest in bonds. You might also consider investing in bonds to get higher rates of return than stocks. 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 available, you might consider buying bonds that have a longer maturity (the amount of time until the bond matures). Longer maturity periods mean lower monthly payments, but they also allow investors to earn more interest overall.
Three types of bonds are available: Treasury bills, corporate and municipal bonds. Treasuries bonds are short-term instruments issued US government. They are very affordable and mature within a short time, often less than one year. Large companies, such as Exxon Mobil Corporation or General Motors, often issue corporate bonds. These securities tend to pay higher yields than Treasury bills. Municipal bonds are issued by state, county, city, school district, water authority, etc. and generally yield slightly more than corporate bonds.
Consider looking for bonds with credit ratings. These ratings indicate the probability of a bond default. High-rated bonds are considered safer investments than those with low ratings. Diversifying your portfolio into different asset classes is the best way to prevent losing money in market fluctuations. This helps to protect against investments going out of favor.