The Wealth Drop: Recent Episodes
Marques Smith
Learn the powerful ways to take control of your finances, make your money grow AND work for you to establish long term wealth! Get comfortable with financial literacy and the several tips you can use to tackle debt out of your lives! This podcast will cover investment strategies, budgeting tips, retirement planning, and opening a brokerage account to gain confidence to invest regularly in the stock market. In closing, it is imperative to know where your money is going each month. Therefore, why not use a budgeting tracker to see where you can cut monthly expenses! Thanks for listening!!
Learn how you can have the upper hand in saving money towards a sinking fund. Unlike how corporations use sinking funds to pay for short or long-term debts, tune in to hear how you can save and fully fund an expense you know is on the horizon within the next few months or potentially longer down the road. Let's take advantage of this great saving tool!
LINKS: https://www.cnbc.com/2019/09/10/how-a-sinking-fund-can-keep-you-from-blowing-your-budget.html https://www.ally.com/do-it-right/banking/what-are-ally-banks-savings-buckets-and-boosters/ https://www.daveramsey.com/blog/stop-the-panic-sinking-fund
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Do you want to know where every dollar of yours is going each month? Why not download and try one of these budgeting apps to really sharpen this tool to see where you can potentially save or cut expenses altogether! Having a budget allows you to have a game plan in terms of paying off revolving debt (i.e. credit cards, personal/student loans), so that you can allocate more income towards long-term investing. Check out the links for more details!
LINKS: https://www.mint.com/ https://www.nerdwallet.com/ https://www.everydollar.com/
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Is debt slowing the process down for you to build long-term wealth? Tune in to hear several strategies you can implement to rule debt out of your life for good! I am personally using one of the last two strategies discussed in the episode. To each their own, but make sure you have a plan of attack!
LINKS: •CNBC article: https://www.cnbc.com/select/us-credit-card-debt-hits-all-time-high/ •Dave Ramsey: https://www.daveramsey.com/blog/debt-snowball-vs-debt-avalanche •Dennis Kimbro book: https://amzn.to/3g8fWvS
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Here are just a few of the many brokerage accounts you can open to get started in growing your personal investment portfolios to build assets in terms of stocks, bonds, index/mutual funds, and ETFs. LINKS: https://www.stash.com/pricing https://www.fidelity.com/why-fidelity/pricing-fees https://robinhood.com/us/en/support/articles/trading-fees-on-robinhood/ https://www.ally.com/invest/self-directed-trading/?linkTo=choices-and-pricing&setPanel=fifth-ic-panel https://www.acorns.com/pricing/
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
The stock market has its up/down swings in terms of volatility. Depending on if the market is in a bull run (prices increase), or has entered bear territory (prices decline), stay focused on your end result to reap the benefits of your investments! Whether you're a short-term or long-term investor, determine what your main goal and exit strategy is to take advantage of capital appreciation in WALL STREET! EPISODE LINKS: https://www.cnbc.com/dow-30/ https://www.cnbc.com/2020/01/16/alphabet-stock-hits-1-trillion-market-cap-for-first-time.html https://www.fidelity.com/ https://www.schwab.com/ https://www.stash.com https://www.ally.com/invest/ https://robinhood.com/us/en/
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Tune in to determine the pros/cons when determining if a CD is a great investment strategy for you.
EPISODE LINKS: https://www.chase.com/personal/savings/bank-cd https://www.ally.com/bank/cd-rates/ https://www.techcu.org/home/deposit/rates
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Here’s the top 10 online savings accounts in terms of APYs. Park your cash to earn compound interest year-over-year (YoY). Source: bankrate.com
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app