You can find a variety of podcasts to help you with your financial education, including those on investing, saving money and budgeting. These podcasts are available in a range of topics, so it's easy to find one you like.
The Top Money Saving Podcasts of 2020
Whatever your current financial situation, there is always room for improvement. We've selected a few of our favorite podcasts to share practical, useful advice that can help your reach your financial goals.
Best Budgeting Podcasts in 2020
There are tons of podcasts on the internet that will teach you how to budget, even if your not a big fan. Some podcasts are targeted at newbies, others will help you save more. It doesn't really matter which budgeting podcast you listen too, you'll still be able learn a lot.
The Top Budgeting Podcasts in 2019
Podcasts for beginners are best if you're just starting to budget. They will help you understand how to budget. Experiential savers will be on hand to offer their advice and experiences about how they have achieved their financial goals.
The Best Budgeting Podcasts For Millennials
A budget is essential for young people who are just starting out in the workforce. It also helps to avoid common pitfalls. Listen to a podcast about money saving that targets millennials. It will give you tips and tricks for managing your debt and saving for college.
These podcasts can help you improve financial skills and make your dreams a reality.
Planet Money, NPR’s most famous podcast, focuses exclusively on economic news. The podcast's hosts have a gift for storytelling, and the episodes can be listened to on the go. They discuss the latest economic trends and what they mean for you.
There are also informative short stories that address topics such tax issues and how social media can be used to your advantage. They're also great for your morning commute, especially if you're trying to squeeze in some podcasts without taking up much time!
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. She hosts an Ask Farnoosh interview on Fridays where she answers listener's questions.
Torabi carefully selects her podcast guests to make sure they have relevant and interesting stories to share. She often picks people with whom she feels a connection.
FAQ
What kind of investment vehicle should I use?
There are two main options available when it comes to investing: stocks and bonds.
Stocks represent ownership in companies. Stocks are more profitable than bonds because they pay interest monthly, rather than annually.
You should invest in stocks if your goal is to quickly accumulate wealth.
Bonds are safer investments, but yield lower returns.
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 long does it take to become financially independent?
It all depends on many factors. Some people are financially independent in a matter of days. Others take years to reach that goal. It doesn't matter how much time it takes, there will be a point when you can say, “I am financially secure.”
The key is to keep working towards that goal every day until you achieve it.
What should I consider when selecting a brokerage firm to represent my interests?
You should look at two key things when choosing a broker firm.
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Fees – How much are you willing to pay for each trade?
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Customer Service – Can you expect good customer support if something goes wrong
Look for a company with great customer service and low fees. You won't regret making this choice.
Statistics
- 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)
- Some traders typically risk 2-5% of their capital based on any particular trade. (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)
- They charge a small fee for portfolio management, generally around 0.25% of your account balance. (nerdwallet.com)
External Links
How To
How to Invest with Bonds
Bond investing is one of most popular ways to make money and build wealth. You should take into account your personal goals as well as your tolerance for risk when you decide to purchase bonds.
If you are looking to retire financially secure, bonds should be your first choice. Bonds can offer higher rates to return than stocks. Bonds may be better than savings accounts or CDs if you want to earn fixed interest.
You might consider purchasing bonds with longer maturities (the time between bond maturity) if you have enough cash. 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 bill are short-term instruments that the U.S. government has issued. They are low-interest and mature in a matter of months, usually within one year. Large corporations such as Exxon Mobil Corporation, General Motors, and Exxon Mobil Corporation often issue corporate bond. These securities are more likely to yield higher yields than Treasury bills. Municipal bonds can be issued by states, counties, schools districts, water authorities, and other entities. They generally have slightly higher yields that corporate bonds.
Look for bonds that have credit ratings which indicate the likelihood of default when choosing from these options. Higher-rated bonds are safer than low-rated ones. Diversifying your portfolio into different asset classes is the best way to prevent losing money in market fluctuations. This will protect you from losing your investment.