The GaryVee Audio Experience Important Tips for Financial Literacy | Capitalize On You Episode #2
Dec 3, 2020
Hope Taitz, an experienced board member advocating for diversity, joins Shelley Zalis, CEO of The Female Quotient, and financial literacy expert Chrissie Gorman. They delve into the significance of financial literacy, particularly for women, offering practical tips for managing finances. The conversation covers empowering financial choices, the importance of diverse leadership in corporate settings, and strategies for building a supportive network. They encourage listeners to take initiative and embrace mentorship for personal and professional growth.
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Investing Small Savings
- If you have $2,000 in savings and high-risk tolerance, explore options like garage sales or flipping items.
- Consider the stock market or other investments, but assess your risk tolerance and needs.
Managing Risk and Supplemental Income
- Assess if your $2,000 savings is essential for immediate needs or if it can be risked.
- Explore online platforms like Poshmark to supplement your income and increase investment capital.
Reinvesting Small Earnings
- Shelley Zalis sold unused clothes and reinvested the earnings.
- This shows how small amounts can be used for investment and supporting others.