Lifelong L-Earning

An author I ran across a few years ago described four paths for wealth creation. Tom Corley can be found on Amazon, and you can find articles about him online. You can follow one of these paths to success or follow all four of them. I personally have used them all in my own money management and financial planning. In future episodes, these paths will be discussed in greater detail, but this episode gives you an idea of how you can build wealth through multiple pathways. The key is to give yourself the gift of time to make it happen!

Just in case you want to watch the video instead, here is the link:
https://youtu.be/6SAgklvxpBg

What is diversification? It is all about spreading your risk. We never eliminate risk altogether, but there are ways to think about this in money management that make sense for you. An example of diversification will be discussed in depth, including how mutual funds can smooth out risk, and you will hear about how you can start to learn this through your research!

In case you want to watch the video instead, here is the link:
https://youtu.be/uNSqUyt6pfA

Intuitively, you know money management can have risks. Many experts will explain that diversification is a way of mitigating risk. While that is true, the best tool is always to learn, whether winning or losing. But before you get to the results, do your homework on any investment.  

In all my years of investing and managing my portfolio, I would read about an investment until I felt comfortable, or I would trade virtually until I felt comfortable. I felt more confident in my choices once I entered the arena with a real investment. 

You will learn about how time helps you manage risk as well. Since risk is a relative term, you will gain insight that over time, as you learn and experience the world of finances, you will get a sense of what works for you and your circumstances.

Just in case you want to watch the video instead, here is a link to it:
https://youtu.be/CQNWT9bSVaU

Are you looking to learn more about investing and money management? This is an excellent source of information for a person just starting to learn about financial matters!

The podcast asks you to learn in a proactive and safe way, so start listening today!

In case you want to watch the video instead, here is the link to you TouTube channel video:
https://youtu.be/iNs0STy15GM