31 min listen
218: 11 Financial Moves to Make in 2017
ratings:
Length:
23 minutes
Released:
Jan 18, 2017
Format:
Podcast episode
Description
Learn 11 financial moves to make in 2017 1. Identify any mistakes made in 2016 - Stocks to sell, trim losses 2. Review & rebalance portfolio - Make sure you own some small caps 3. Consider strategic investments in high growth areas - Spice up your portfolio with India, silver, China, tech, etc. - What can you buy low? Commodities? Uranium? Miners? 4. Reduce debt - Refi or pay off 5. Avoid long-term bond funds - 30 year bonds have the most risk in a rising interest rate environment 6. Save and invest more - Savings accounts have low interest rates, investment accounts offer potential of higher compounding, but have more risk. 7. Think over large purchases - Do you really need a new car? - Could you invest instead? 8. Start a side hustle for extra income? - Never easier to start a business 9. Consider how big picture changed and how it will affect you - New President, lower taxes? - Interest rates rising - Banks in Europe in crisis? 10. Things that didn’t change - Debt in USA - Your work? Income? Mortgage? - Your goals? - Your retirement age? 11. Time, Money, Compounding Rate are the 3 things that effect your wealth. - Time = years to retirement - Money = amount to invest - Compounding rate = % you compound money Make it a priority to learn about investing. To get “11 Quick Financial Tips to Boost Your Wealth”, go to www.lindapjones.com.
Released:
Jan 18, 2017
Format:
Podcast episode
Titles in the series (100)
005: How to Get Rich - Save a Nest Egg: Step 2/6: Step 2 of the 6 Steps to Wealth: Save a Nest Egg by Be Wealthy & Smart