Financial Feminist

161. How to Open an Investing Account (and the BIG Mistake You Might Be Making)

Jun 6, 2024

Learn how to open and fund an investing account, the value of adequate sleep, Broadway show reviews, importance of short-term financial goals, understanding investing accounts vs. investments, and starting with Stock Market School for financial growth.

29:38

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Episode notes

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Quick takeaways

Begin investing after obtaining a fully funded emergency fund and paying off debts over 7% interest.

Commence investing with small amounts like $50 or $100, emphasizing the significance of time for investment growth.

Deep dives

Investing Account Guidelines

To begin investing, having a fully funded emergency fund and paying off debts over 7% interest is crucial. These criteria indicate readiness for investment. It is emphasized that investing is essential for building wealth and securing financial success. Not investing means missing out on significant retirement opportunities.

Intro

2min

Broadway Shows Reviews & Investing Account Guide

10min

Importance of Allocating Short-Term Financial Goals

4min

Understanding The Difference Between Investing Accounts and Investments

4min

Importance of Understanding Investments and Getting Started with Stock Market School

11min

If you’ve ever wanted to know the steps to open and fund an investing account (yes these are two separate actions!), then grab a notebook and tune in! In this episode, Tori breaks down the essential steps to opening an investment account, choosing the right investments, and navigating the complexities of the financial world with confidence. If you’re a newbie investor or haven’t invested yet because you’re unsure where to begin, this episode will equip you with the knowledge and tools to make informed financial decisions and begin confidently growing your wealth.

Read transcripts, learn more about our guests and sponsors, and get more resources at https://herfirst100k.com/financial-feminist-show-notes/161-how-to-open-an-investing-account-and-the-big-mistake-you-might-be-making/.

Not sure where to start on your financial journey? Take our FREE money personality quiz! https://herfirst100k.com/quiz

Mentioned in this episode:

Stock Market School Workshop

See our HYSA recommendation

How to Financially Prepare Your Kids for the Future with Andy Hill

Special thanks to our sponsors:

Thrive Causemetics

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Masterclass

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