Investing for Beginners- Steps You Can Start Taking Now | HDM 389
Have you ever felt like you needed an MBA just to get started investing? There are terms, like compound interest, loaded funds, and on and on that feel complex. Therefore, it feels scary to start investing without having ALL the knowledge. Today we are going to squash all of that so you can invest with confidence.
Did you know that about 42% of Americans don’t own stock? That’s according to a Motley Fool study. The number of Latinos is likely much lower than that. Of course the reason? Fear of investing. Today I bring you a woman who will help you lose your fear of investing.
Tess Waresmith is a financial coach and the founder of Money Confident, a financial education program aimed at women in their 30s and 40s. After losing $80k in bad investments in her twenties, Tess educated herself on wealth building and increased her net worth from 0 to 1 million by the age of 35. Now, she helps women learn simple investing strategies to grow their money, even if they’re short on time or new to investing.
What you’ll learn about in today’s episode:
- The costly mistake she made when starting to invest
- One thing you can do starting now when investing feels to overwhelming and complicated
- A practical rule of thumb to figure out if you need a financial advisor right now.
You can also watch on YouTube!
Resources from this episode:
42% of Americans Don’t Own Stocks. Here’s Why That’s a Problem
Savvy Investor Starter Pack – 4 step toolkit to help you start learning how to invest
The book: The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life by JL Collins
The Her Dinero Matters Money Planner, use the code REINA for 10% off: jenhemphill.com/planner
Related Her Dinero Matters episodes you may enjoy:
#254 – Become a More Powerful Woman When You Invest
#293 – A Helpful Conversation On Alternative Investments As a Career Path
#287 – How They Are Changing Their Family’s Legacy with Real Estate Investing
☕️☕️☕️☕️☕️☕️☕️☕️☕️☕️☕️☕️☕️☕️☕️☕️☕️☕️☕️☕️☕️
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The post, Investing for Beginners- Steps You Can Start Taking Now | HDM 389 appeared first on the Her Dinero Matters Podcast.
