There are many options for podcasts on budgeting. There are many topics you can cover, and there are different ways to get started. Here are some suggestions from NPR: Planet Money, You Need a Budget and Optimal Finance Daily.
NPR's Planet Money
Planet Money is a NPR podcast that has been running for over ten years. Its quirky humor has helped it to become one of the top podcasts. The podcasts cover economic topics and the economy. Each episode discusses how current events affect markets and the economy as a whole.
Planet Money podcasts average 20 minutes in length and cover a variety financial topics. Often, the podcasts focus on real-world scenarios. One episode discusses Barbuda's land ownership, while another examines buybacks, and whether government bailouts are legal. The Indicator's shorter episodes are approximately 10 minutes long and focus on economic issues today.
You Need a Budget
You Need a Budget podcast can be a great resource for anyone with bad money habits or struggling to manage their finances. 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. You can buy the software or test it for 32 day if you find it useful.
Many of the listeners of this podcast are on variable incomes, so they have trouble creating a budget. They don't want to spend all their money on one item, so they have to make tradeoffs. This means they will have months with high incomes and months with low incomes.
Optimal Finance Daily
This podcast mixes audio blogging and personal financial content. It compiles articles from popular blogs on personal finance and distills them into an easy-to-understand 15-minute podcast. It's a great resource that anyone on the go needs to access the best advice and practical information on personal finance. It has lots to offer people interested in business and online marketing. This podcast is the perfect addition to your commute.
Chris Browning, the podcast host, discusses personal finances and investing in concise, easy-to-digest podcast segments. His podcasts are designed to help people understand the importance and benefits of investing and saving. A few of his topics have included investing 101, retirement planning, and saving money for the unexpected. This podcast is one of five produced by the website Optimal Daily Living. It listens to articles from personal finance blogs.
The Tim Ferris Show
The Tim Ferris Show is a great podcast for budgeting. It offers practical advice and a variety of topics. 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. It is not a podcast about budgeting but can help you improve the financial situation. Meditation, creativity, building a company, and other topics are discussed.
Suze Orman's Women & Money
Suze Orman (American television host) is a personal finance advocate and woman's advocate. She serves as a National Domestic Violence Hotline representative, helping victims of financial abuse and their voices to be heard. She has been awarded numerous honors, including two honorary doctorsates and the Human Rights Campaign's National Equality Award.
This book explores the dysfunctional relationship many women have with their money. She focuses on equipping women with the financial knowledge and emotional awareness they need to make smart, informed decisions about their finances. She offers actionable plans called the Save Yourself Plan to help women make a solid financial future.
FAQ
What are the pros of investing through a Mutual Fund?
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Low cost - buying shares from companies directly is more expensive. Purchase of shares through a mutual funds is more affordable.
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Diversification – Most mutual funds are made up of a number of securities. The value of one security type will drop, while the value of others will rise.
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Professional management - professional managers make sure that the fund invests only in those securities that are appropriate for its objectives.
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Liquidity: Mutual funds allow you to have instant access cash. You can withdraw your money at any time.
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Tax efficiency- Mutual funds can be tax efficient. So, your capital gains and losses are not a concern until you sell the shares.
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Purchase and sale of shares come with no transaction charges or commissions.
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Mutual funds are simple to use. You will need a bank accounts and some cash.
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Flexibility: You can easily change your holdings without incurring additional charges.
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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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Ask questions and get answers from fund managers about investment advice.
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Security - You know exactly what type of security you have.
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You have control - you can influence the fund's investment decisions.
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Portfolio tracking – You can track the performance and evolution of your portfolio over time.
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Easy withdrawal - You can withdraw money from the fund quickly.
Investing through mutual funds has its disadvantages
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Limited selection - A mutual fund may not offer every investment opportunity.
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High expense ratio: Brokerage fees, administrative fees, as well as operating expenses, are all expenses that come with owning a part of a mutual funds. These expenses can reduce your return.
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Lack of liquidity - many mutual fund do not accept deposits. They must only be purchased in cash. This limits your investment options.
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Poor customer support - customers cannot complain to a single person about issues with mutual funds. Instead, you will need to deal with the administrators, brokers, salespeople and fund managers.
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It is risky: If the fund goes under, you could lose all of your investments.
What is security at the stock market and what does it mean?
Security is an asset that generates income. Most common security type is shares in companies.
One company might issue different types, such as bonds, preferred shares, and common stocks.
The earnings per shares (EPS) or dividends paid by a company affect the value of a stock.
When you buy a share, you own part of the business and have a claim on future profits. If the company pays a dividend, you receive money from the company.
Your shares may be sold at anytime.
What is security in a stock?
Security is an investment instrument whose value depends on another company. It can be issued as a share, bond, or other investment instrument. If the asset's value falls, the issuer will pay shareholders dividends, repay creditors' debts, or return capital.
How does inflation affect the stock market
Inflation affects the stock markets because investors must pay more each year to buy goods and services. As prices rise, stocks fall. This is why it's important to buy shares at a discount.
What is a Stock Exchange?
Stock exchanges are where companies can sell shares of their company. This allows investors the opportunity to invest in the company. The market determines the price of a share. It is typically determined by the willingness of people to pay for the shares.
Stock exchanges also help companies raise money from investors. Companies can get money from investors to grow. Investors purchase shares in the company. Companies use their money for expansion and funding of their projects.
Stock exchanges can offer many types of shares. Some are known simply as ordinary shares. These shares are the most widely traded. These shares can be bought and sold on the open market. Shares are traded at prices determined by supply and demand.
Preferred shares and debt security are two other types of shares. When dividends are paid, preferred shares have priority over all other shares. A company issue bonds called debt securities, which must be repaid.
How can someone lose money in stock markets?
The stock market isn't a place where you can make money by selling high and buying low. It's a place you lose money by buying and selling high.
The stock market offers a safe place for those willing to take on risk. They would like to purchase stocks at low prices, and then sell them at higher prices.
They are hoping to benefit from the market's downs and ups. But they need to be careful or they may lose all their investment.
Statistics
- 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)
- For instance, an individual or entity that owns 100,000 shares of a company with one million outstanding shares would have a 10% ownership stake. (investopedia.com)
- Our focus on Main Street investors reflects the fact that American households own $38 trillion worth of equities, more than 59 percent of the U.S. equity market either directly or indirectly through mutual funds, retirement accounts, and other investments. (sec.gov)
- "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 strategy
A trading plan helps you manage your money effectively. It will help you determine how much money is available and your goals.
Before you create a trading program, consider your goals. You may want to make more money, earn more interest, or save money. If you're saving money you might choose to invest in bonds and shares. You can save interest by buying a house or opening a savings account. If you are looking to spend less, you might be tempted to take a vacation or purchase something for yourself.
Once you know what you want to do with your money, you'll need to work out how much you have to start with. It depends on where you live, and whether or not you have debts. It is also important to calculate how much you earn each week (or month). Your income is the net amount of money you make after paying taxes.
Next, you need to make sure that you have enough money to cover your expenses. These expenses include bills, rent and food as well as travel costs. Your total monthly expenses will include all of these.
You will need to calculate how much money you have left at the end each month. This is your net available income.
You now have all the information you need to make the most of your money.
To get started, you can download one on the internet. You can also ask an expert in investing to help you build one.
Here's an example spreadsheet that you can open with Microsoft Excel.
This is a summary of all your income so far. Notice that it includes your current bank balance and investment portfolio.
Another example. This was created by a financial advisor.
It shows you how to calculate the amount of risk you can afford to take.
Remember, you can't predict the future. Instead, be focused on today's money management.