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 a podcast that focuses on personal finance and teaching financial independence to young adults. The show features guests sharing their money experiences and their plans to increase their wealth. To learn more about the money management of business owners and professional advisors, she interviews them. The topic of investing and entrepreneurship is also discussed.
The Australian Investors podcast is a collection of interviews between prominent investors. This podcast explores the investment strategies and pitfalls of successful investors. Some episodes feature authors, while others are dominated by financial service industry professionals. 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.
One of the most popular podcasts in the US is the Dave Ramsey show. This podcast covers a variety of financial topics such as taxes, debt, investing, and retirement. Ramsey can also answer caller questions.
Money Girl podcast is another podcast worth listening to. 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 discuss their own financial stories, and share tips and tricks for getting out of debt, using credit cards properly, and making money with a side business.
Another podcast that focuses on personal finance is FIPhysician. Big Al Clopine is a certified public accountant who joins the show to discuss asset allocation, 1031 Exchanges, bonds and many other topics. He also shares his own experience as an early retiree.
You can also visit the Money Nerds Podcast. The show features innovative voices and new ways to explain economic issues. The show even has a section for entertainment. 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, despite its name, is a podcast that aims to help you get rich through recurring income. Listeners often ask about passive income generation and financial independence. A recent episode featured two millennials on the way to retirement. The show has previously covered real-estate investing basics, building good habits and the economics surrounding poker machines.
Another podcast that tackles the big questions about money is Money Bites. Hosted by a father and daughter, it includes entertainment and tackling big money questions. They've previously discussed renting vacation homes, balancing portfolios and addressing large amounts debt.
Another great personal finance podcast is Your Money's Worth. The podcast shows listeners how to make the most of their income and save for retirement. Financial advisors, entrepreneurs, as well as other experts, are the featured guests. Podcast guests have discussed building a retirement plan, other investments, choosing a financial adviser, and many other topics.
FAQ
What are the 4 types of investments?
These are the four major types of investment: equity and cash.
Debt is an obligation to pay the money back at a later date. This is often used to finance large projects like factories and houses. Equity is when you buy shares in a company. Real estate is land or buildings you own. Cash is what your current situation requires.
You are part owner of the company when you invest money in stocks, bonds or mutual funds. You are part of the profits and losses.
How long does it take for you to be financially independent?
It all depends on many factors. Some people are financially independent in a matter of days. Others need to work for years before they reach that point. No matter how long it takes, you can always say "I am financially free" at some point.
The key is to keep working towards that goal every day until you achieve it.
Can I make a 401k investment?
401Ks offer great opportunities for investment. However, they aren't available to everyone.
Employers offer employees two options: put the money in a traditional IRA, or leave it in company plan.
This means that you can only invest what your employer matches.
You'll also owe penalties and taxes if you take it early.
Can I lose my investment?
Yes, you can lose everything. There is no way to be certain of your success. There are however ways to minimize the chance of losing.
Diversifying your portfolio is a way to reduce risk. Diversification can spread the risk among assets.
Another way is to use stop losses. Stop Losses allow shares to be sold before they drop. This reduces the risk of losing your shares.
You can also use margin trading. Margin Trading allows you to borrow funds from a broker or bank to buy more stock than you actually have. This increases your chance of making profits.
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)
- Some traders typically risk 2-5% of their capital based on any particular trade. (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)
- Over time, the index has returned about 10 percent annually. (bankrate.com)
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How To
How to save money properly so you can retire early
Planning for retirement is the process of preparing your finances so that you can live comfortably after you retire. This is when you decide how much money you will have saved by retirement age (usually 65). You should also consider how much you want to spend during retirement. This includes things like travel, hobbies, and health care costs.
You don't have to do everything yourself. Numerous financial experts can help determine which savings strategy is best for you. They will examine your goals and current situation to determine if you are able to achieve them.
There are two main types - traditional and Roth. Traditional retirement plans use pre-tax dollars, while Roth plans let you set aside post-tax dollars. It all depends on your preference for higher taxes now, or lower taxes in the future.
Traditional Retirement Plans
A traditional IRA allows pretax income to be contributed to the plan. You can make contributions up to the age of 59 1/2 if your younger than 50. After that, you must start withdrawing funds if you want to keep contributing. After turning 70 1/2, the account is closed to you.
A pension is possible for those who have already saved. These pensions are dependent on where you work. Matching programs are offered by some employers that match employee contributions dollar to dollar. Other employers offer defined benefit programs that guarantee a fixed amount of monthly payments.
Roth Retirement Plans
Roth IRAs allow you to pay taxes before depositing money. Once you reach retirement age, earnings can be withdrawn tax-free. However, there are limitations. For medical expenses, you can not take withdrawals.
A 401(k), another type of retirement plan, is also available. Employers often offer these benefits through payroll deductions. Employer match programs are another benefit that employees often receive.
401(k), plans
Many employers offer 401k plans. They let you deposit money into a company account. Your employer will automatically pay a percentage from each paycheck.
Your money will increase over time and you can decide how it is distributed at retirement. Many people take all of their money at once. Others distribute the balance over their lifetime.
You can also open other savings accounts
Other types are available from some companies. At TD Ameritrade, you can open a ShareBuilder Account. With this account, you can invest in stocks, ETFs, mutual funds, and more. You can also earn interest for all balances.
At Ally Bank, you can open a MySavings Account. You can use this account to deposit cash checks, debit cards, credit card and cash. This account allows you to transfer money between accounts, or add money from external sources.
What to do next
Once you are clear about which type of savings plan you prefer, it is time to start investing. Find a reputable firm to invest your money. Ask friends or family members about their experiences with firms they recommend. Check out reviews online to find out more about companies.
Next, determine how much you should save. Next, calculate your net worth. Your net worth includes assets such your home, investments, or retirement accounts. It also includes debts such as those owed to creditors.
Once you have a rough idea of your net worth, multiply it by 25. This number will show you how much money you have to save each month for your goal.
If your net worth is $100,000, and you plan to retire at 65, then you will need to save $4,000 each year.