Financial Autonomy for Women: The Personal Finance Podcast
If you're new to investing--no matter how young/old you are--it might be hard to get past the overwhelm and the uknowns of the investing world so you can actually just get started on your investing journey. In this episode, I talk about five principles every beginning investor should keep in mind: (1) Just start, because more time in the market is the biggest beneficial factor in building long-term growth (2) Remember investing is a two-step process—transfer money into an account and then actually select an investment, or it will sit there as cash not growing; (3) Automate contributions and invetments to maximize consistency; (4) Don't panic during market ups and downs, since pulling out often leads to missing the recovery and most of us aren't good at timing the market; (5) Understand how taxes and fees erode all that good wealth you're building so you can keep more of it--do a little bit of reserch to understand the difference between brokerage accounts, traditional IRAs, and Roth IRAs, and consider lower-cost investment options like ETFs. And, if you don't "see yourself" as an "investor"--start asking yourself why? There are most likely very valid reasons for that. And also start asking yourself: How would "future me" want to see myself in 5, 10, or 20 years? As someone who still didn't see themselves that way, or as someone who gave it a shot? *** Note: Information in this podcast 1) is informational/educational in nature; 2) does not constitute financial or personal advice of any kind; 3) is never a substitute for clinical care from a health professional. Listeners should consult with a qualified professional regarding their individual circumstances before making any financial decisions. Check out my FREE Mini Course: "Know Where the Money Is Going" [https://www.maureen-paley.com/know-where-the-money-is-going-mini-course] to help you get back into the driver's seat with your monthly spending. Find more ways to work with me, download free resources, and join my e-mail list at maureen-paley.com [https://maureenpaley.podia.com]. Financial Autonomy for Women 30-Day Workbook now available on Amazon. [https://www.amazon.com/Financial-Autonomy-Women-Workbook-Impactful/dp/B0DLNHX1GM/ref=sr_1_1?crid=MZ2APMHID8Z8&dib=eyJ2IjoiMSJ9.g2FcGSD3ciGk2ORrxsGry3-SizWyIOCy-T5mhcghxaKTSagiM52I887xwOsezet5SeckC86vI6m9vvOyLSN1TUBNsbbBo2FwuEQ-S7_gOd1LfgV2BRVaeycRimvphRrL5qv3qhI14Kn8HRNvStj2nZMfNxEbc4DIonbEBAgL3I0z0WAEAWAdpMQN77G1QYj7jffA7dyBBGkr3HqukFF7_Vn7uN1kH7fAfTgdgXjmJqM.4KaQxXQ70GJA-xpzI8-MWF4NA6518ANVQZrteoD7N5E&dib_tag=se&keywords=financial+autonomy+for+women&qid=1735664545&sprefix=financial+autonom%2Caps%2C175&sr=8-1] ***20% off the E-book when you buy directly from me. [https://www.maureen-paley.com/e-book-financial-autonomy-for-women-30-day-workbook] Daily Money Affirmations for Women Entrepreneurs now available on Amazon. [https://a.co/d/1iWsXfB] Follow me on IG @maureenpaleycoach. Visit my Etsy shop [https://careercoachbff.etsy.com] for budget-friendly resume and cover letter templates, budget trackers and more.
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