Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

223: 3 Financial Education Secrets

223: 3 Financial Education Secrets

FromBe Wealthy & Smart


223: 3 Financial Education Secrets

FromBe Wealthy & Smart

ratings:
Length:
10 minutes
Released:
Jan 31, 2017
Format:
Podcast episode

Description

Learn the 3 secrets about financial education that most financial experts don’t tell you. This show is all about financial education! Specifically, how to make it understandable and interesting, even if you’re usually bored by financial topics! 1. Financial management is very doable on your own. It takes a bit of learning a few concepts and terminology, but it can be done. The truth is, most advisors put you into an asset allocation model and look at it quarterly. They are not watching your account like you might think. Why not learn how to do your own asset allocation and save 1 - 3% annually? 2. Financial advisors think their best service is to hold your hand when you are scared by market volatility. Perhaps if you understand what to expect, you can do that for yourself. Rather than hoping deep dips and wild swings won’t happen, you have to accept them as part of investing and learn what to do because the stock market drops about 10% every 11 months on average. The Dow Jones Industrial Average has dropped 20% 12 times since the end of WWII. That’s about every 6 years. We are now overdue for such a dip. Do you have a plan? Do you have cash set aside to buy? I certainly hope you weren’t buying at Dow 20,000, an all-time high! Liquidate some things, trim positions a bit to raise some cash. You can keep all your positions but have smaller ones. Prepare for maximum fear - the time to buy. You can watch the VIX or watch consumer sentiment. When the VIX hits a high, consumer sentiment a low, or relative strength is below the bottom of the chart on stockcharts.com you could have a bottom. 3. Keep learning. Keep listening to this podcast and your other favorites and keep learning. Be cautious of certain stock hawkers on TV and of so called “traders” on TV. They have more incentive to be confusing so that you keep watching and giving them ratings, than to actually educate you. Remember, moving opposite the crowd is usually the smart move and the TV is the crowd.   To get “11 Quick Financial Tips to Boost Your Wealth”, go to www.lindapjones.com.    
Released:
Jan 31, 2017
Format:
Podcast episode

Titles in the series (100)

Money, personal finance and financial freedom - get your money to work harder for you so you don't have to work so hard. Linda made $2 million at age 39 and shares actionable knowledge to create wealth in the stock market, real estate, and business. Discover a wealth mentor who shows you a direct path to security, stability and financial freedom. This podcast has a balanced view of how to enjoy life, it is not about frugality. It won't show you how to save a few dollars, it will show you how to save tens of thousands of dollars. Short episodes get to the point without fluff and give you valuable advice you can put to work immediately. Learn the 6 Steps to Wealth by starting with creating a wealthy mindset. Listen to one podcast and you may find yourself binge-listening to the entire library of knowledge. Be sure to subscribe so you don't miss an episode.