There are many options for podcasts on budgeting. There are many topics and ways to get started. Here are some suggestions: NPR’s Planet Money, you need a budget, Optimal Finance Daily and The Tim Ferris Show.
NPR's Planet Money
Planet Money has been on NPR for over 10 year. Its quirky nature has made it one the most loved podcasts in the world. The podcasts focus on the economy and economic topics. Each episode explains the reasons why current events have impacted markets and economy generally.
Planet Money podcasts average 20 minutes in length and cover a variety financial topics. The podcasts usually focus on real-world situations. One episode discusses Barbuda’s land rights, while another focuses on buybacks and government bailouts. The Indicator episodes that are shorter than 10 minutes are focused on economic issues and last approximately 10 minutes.
Budgets are essential
Anyone who is struggling with money or bad habits will find the You Need a Budget podcast a valuable tool. To see if this podcast is for you, you can listen to the podcast for 32 day to determine if it's right for your needs. If the program proves useful, you can buy it or use it for 32-days.
Many listeners to this podcast have variable incomes. This makes it difficult for them to set a budget. They don't want their money to be spent on just one item. So they make tradeoffs. They will have one month of high income and another month with low income.
Optimal Finance Daily
This podcast is a mix of audio blogging and personal finance content. It curates articles from the top personal finance blogs and distills them into a quick, 15-minute episode. It's a great resource that anyone on the go needs to access the best advice and practical information on personal finance. It also offers a lot of information for those who are interested in marketing online and business. This podcast is perfect for your commute.
Chris Browning, host of the podcast, speaks about personal finances and investing. He does this in short, digestible podcast episodes. His podcasts aim to make it easier for people to understand the importance of investing and saving. His recent topics included retirement planning, investing 101, saving for a stormy day, and investing 101. The website Optimal Daily Living produces five podcasts. This podcast is a compilation of articles from personal finance blogs. It covers everything, from how to save for retirement, how to rent properties, to how to save money for emergencies.
The Tim Ferris Show
If you're looking for a budgeting podcast, The Tim Ferris Show is an excellent choice. Its topics are varied and relevant, and it offers a wealth of practical advice. Tim Ferriss, best-selling author of The 4-Hour Workweek, produces this podcast. While his podcast doesn't primarily focus on money it also addresses important topics like productivity, health, and fitness.
This podcast contains advice from famous businesspeople as well as celebrities. Tony Robbins (Jamie Foxx), and Arnold Schwarzenegger were some of the guests. While this is not a budgeting podcast, it can help you improve your financial situation. The topics include meditation, creativity and how to start a business.
Suze Orman's Women & Money
Suze Orman is an American television host who is a personal finance advocate for women. Her special role is with the National Domestic Violence Hotline, which helps women who have been victim to financial abuse to find their voice. Numerous honors and awards have been given to her, including two honorary doctorates from the Human Rights Campaign and the National Equality Award from Human Rights Campaign.
In her book, she examines the dysfunctional and often unfavorable relationship women have with money. She focuses on helping women to have the financial and emotional knowledge they need to make informed financial decisions. She offers the Save Yourself Plan, which is an actionable plan to help women secure their financial future.
FAQ
How do I invest on the stock market
Brokers allow you to buy or sell securities. A broker sells or buys securities for clients. You pay brokerage commissions when you trade securities.
Banks charge lower fees for brokers than they do for banks. Banks often offer better rates because they don't make their money selling securities.
An account must be opened with a broker or bank if you plan to invest in stock.
If you use a broker, he will tell you how much it costs to buy or sell securities. This fee is based upon the size of each transaction.
You should ask your broker about:
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Minimum amount required to open a trading account
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If you close your position prior to expiration, are there additional charges?
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What happens if you lose more that $5,000 in a single day?
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How many days can you maintain positions without paying taxes
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What you can borrow from your portfolio
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Whether you are able to transfer funds between accounts
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How long it takes transactions to settle
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The best way buy or sell securities
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how to avoid fraud
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How to get help for those who need it
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whether you can stop trading at any time
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What trades must you report to the government
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Whether you are required to file reports with SEC
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What records are required for transactions
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How do you register with the SEC?
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What is registration?
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How does it affect me?
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Who should be registered?
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When do I need to register?
How are Share Prices Set?
The share price is set by investors who are looking for a return on investment. They want to make money from the company. So they buy shares at a certain price. Investors will earn more if the share prices rise. The investor loses money if the share prices fall.
The main aim of an investor is to make as much money as possible. This is why they invest. They are able to make lots of cash.
Why is it important to have marketable securities?
A company that invests in investments is primarily designed to make investors money. It does this by investing its assets into various financial instruments like stocks, bonds, or other securities. These securities have attractive characteristics that investors will find appealing. They are considered safe because they are backed 100% by the issuer's faith and credit, they pay dividends or interest, offer growth potential, or they have tax advantages.
A security's "marketability" is its most important attribute. This is the ease at which the security can traded on the stock trade. It is not possible to buy or sell securities that are not marketable. You must obtain them through a broker who charges you a commission.
Marketable securities include corporate bonds and government bonds, preferred stocks and common stocks, convertible debts, unit trusts and real estate investment trusts. Money market funds and exchange-traded money are also available.
These securities are a source of higher profits for investment companies than shares or equities.
What are some of the benefits of investing with a mutual-fund?
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Low cost - purchasing shares directly from the company is expensive. Buying shares through a mutual fund is cheaper.
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Diversification is a feature of most mutual funds that includes a variety securities. When one type of security loses value, the others will rise.
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Professional management - Professional managers ensure that the fund only invests in securities that are relevant to its objectives.
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Liquidity- Mutual funds give you instant access to cash. You can withdraw the money whenever and wherever you want.
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Tax efficiency: Mutual funds are tax-efficient. Because mutual funds are tax efficient, you don’t have to worry much about capital gains or loss until you decide to sell your shares.
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There are no transaction fees - there are no commissions for selling or buying shares.
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Easy to use - mutual funds are easy to invest in. All you need is a bank account and some money.
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Flexibility - you can change your holdings as often as possible without incurring additional fees.
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Access to information - you can check out what is happening inside the fund and how well it performs.
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Investment advice – you can ask questions to the fund manager and get their answers.
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Security - you know exactly what kind of security you are holding.
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You can take control of the fund's investment decisions.
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Portfolio tracking - You can track the performance over time of your portfolio.
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Easy withdrawal - You can withdraw money from the fund quickly.
What are the disadvantages of investing with mutual funds?
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Limited investment options - Not all possible investment opportunities are available in a mutual fund.
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High expense ratio. The expenses associated with owning mutual fund shares include brokerage fees, administrative costs, and operating charges. These expenses can impact your return.
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Lack of liquidity - many mutual funds do not accept deposits. They can only be bought with cash. This limits the amount of money you can invest.
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Poor customer service: There is no single point of contact for mutual fund customers who have problems. Instead, you must deal with the fund's salespeople, brokers, and administrators.
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High risk - You could lose everything if the fund fails.
What's the difference between marketable and non-marketable securities?
Non-marketable securities are less liquid, have lower trading volumes and incur higher transaction costs. Marketable securities on the other side are traded on exchanges so they have greater liquidity as well as trading volume. These securities offer better price discovery as they can be traded at all times. But, this is not the only exception. For example, some mutual funds are only open to institutional investors and therefore do not trade on public markets.
Non-marketable security tend to be more risky then marketable. They have lower yields and need higher initial capital deposits. Marketable securities tend to be safer and easier than non-marketable securities.
A large corporation may have a better chance of repaying a bond than one issued to a small company. This is because the former may have a strong balance sheet, while the latter might not.
Marketable securities are preferred by investment companies because they offer higher portfolio returns.
Statistics
- Even if you find talent for trading stocks, allocating more than 10% of your portfolio to an individual stock can expose your savings to too much volatility. (nerdwallet.com)
- Individuals with very limited financial experience are either terrified by horror stories of average investors losing 50% of their portfolio value or are beguiled by "hot tips" that bear the promise of huge rewards but seldom pay off. (investopedia.com)
- US resident who opens a new IBKR Pro individual or joint account receives a 0.25% rate reduction on margin loans. (nerdwallet.com)
- "If all of your money's in one stock, you could potentially lose 50% of it overnight," Moore says. (nerdwallet.com)
External Links
How To
How to create a trading plan
A trading plan helps you manage your money effectively. It helps you identify your financial goals and how much you have.
Before you create a trading program, consider your goals. You might want to save money, earn income, or spend less. You might want to invest your money in shares and bonds if it's saving you money. You could save some interest or purchase a home if you are earning it. Maybe you'd rather spend less and go on holiday, or buy something nice.
Once you know your financial goals, you will need to figure out how much you can afford to start. It depends on where you live, and whether or not you have debts. You also need to consider how much you earn every month (or week). Your income is the amount you earn after taxes.
Next, you will need to have enough money saved to pay for your expenses. These include bills, rent, food, travel costs, and anything else you need to pay. All these things add up to your total monthly expenditure.
The last thing you need to do is figure out your net disposable income at the end. This is your net discretionary income.
Now you know how to best use your money.
To get started, you can download one on the internet. Or ask someone who knows about investing to show you how to build one.
For example, here's a simple spreadsheet you can open in Microsoft Excel.
This graph shows your total income and expenditures so far. You will notice that this includes your current balance in the bank and your investment portfolio.
Here's an additional example. This was created by an accountant.
It will allow you to calculate the risk that you are able to afford.
Do not try to predict the future. Instead, be focused on today's money management.