Be Wealthy & Smart

218: 11 Financial Moves to Make in 2017


Listen Later

Learn 11 financial moves to make in 2017

1. Identify any mistakes made in 2016

- Stocks to sell, trim losses

2. Review & rebalance portfolio

- Make sure you own some small caps

3. Consider strategic investments in high growth areas

- Spice up your portfolio with India, silver, China, tech, etc.

- What can you buy low? Commodities? Uranium? Miners?

4. Reduce debt

- Refi or pay off

5. Avoid long-term bond funds

- 30 year bonds have the most risk in a rising interest rate environment

6. Save and invest more

- Savings accounts have low interest rates, investment accounts offer potential of higher compounding, but have more risk.

7. Think over large purchases - Do you really need a new car? - Could you invest instead?

8. Start a side hustle for extra income?

- Never easier to start a business

9. Consider how big picture changed and how it will affect you

- New President, lower taxes? - Interest rates rising - Banks in Europe in crisis?

10. Things that didn't change

- Debt in USA - Your work? Income? Mortgage? - Your goals? - Your retirement age?

11. Time, Money, Compounding Rate are the 3 things that effect your wealth.

- Time = years to retirement - Money = amount to invest - Compounding rate = % you compound money

Make it a priority to learn about investing.

To get "11 Quick Financial Tips to Boost Your Wealth", go to www.lindapjones.com.

...more
View all episodesView all episodes
Download on the App Store

Be Wealthy & SmartBy Linda P. Jones

  • 4.7
  • 4.7
  • 4.7
  • 4.7
  • 4.7

4.7

871 ratings


More shows like Be Wealthy & Smart

View all
BiggerPockets Real Estate Podcast by BiggerPockets

BiggerPockets Real Estate Podcast

16,713 Listeners

Money Girl by QuickAndDirtyTips.com

Money Girl

1,852 Listeners

Money For the Rest of Us by J. David Stein

Money For the Rest of Us

1,351 Listeners

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business by The Rich Dad Media Network

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

3,859 Listeners

The Stacking Benjamins Show by Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP

The Stacking Benjamins Show

1,994 Listeners

So Money with Farnoosh Torabi by Farnoosh Torabi

So Money with Farnoosh Torabi

1,960 Listeners

Sound Retirement Radio by Jason Parker

Sound Retirement Radio

454 Listeners

Retirement Starts Today by Benjamin Brandt CFP®, RICP®

Retirement Starts Today

542 Listeners

Stay Wealthy Retirement Podcast by Taylor Schulte, CFP®

Stay Wealthy Retirement Podcast

695 Listeners

Earn & Invest by Jordan Grumet (Doc G)

Earn & Invest

448 Listeners

DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing by DIY Money

DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

878 Listeners

Bitcoin News Alerts | Daily BTC Macro Signal by Bitcoin News Alerts

Bitcoin News Alerts | Daily BTC Macro Signal

602 Listeners

The Personal Finance Podcast by Andrew Giancola

The Personal Finance Podcast

1,423 Listeners

The Rob Berger Show by Rob Berger

The Rob Berger Show

205 Listeners

Money Rehab with Nicole Lapin by Money News Network

Money Rehab with Nicole Lapin

1,651 Listeners