Investing 101: What To Do & HOW To Do It with Alexa Von Tobel
Sep 6, 2023
auto_awesome
Alexa Von Tobel, founder and CEO of LearnVest, joins the show to discuss investing basics. She breaks down the biggest mistakes people make and shares her opinion on popular investing categories. Learn how to get started and not let market fluctuations scare you.
Understanding the basics of investing is crucial for building wealth and achieving financial goals.
Creating a financial plan, including saving for retirement and having an emergency savings account, is essential for financial security.
Avoiding panic and knee-jerk reactions to market downturns is important in developing a long-term investment strategy based on individual risk tolerance and goals.
Deep dives
The Importance of Investing
Investing in the stock market is crucial for building wealth and achieving financial goals. The podcast host shares a personal story of making an unwise investment decision and emphasizes the importance of understanding the basics of investing.
Guest Interview with Alexa Vontoble
The podcast host interviews Alexa Vontoble, founder and CEO of LearnVest and managing partner of Inspired Capital. They discuss Vontoble's background and journey in personal finance, including her passion for financial literacy and building businesses.
Creating a Financial Plan
Vontoble shares advice on creating a financial plan, emphasizing the need to know one's numbers, make a budget, and prioritize financial goals. She highlights the importance of diligently saving for retirement and having an emergency savings account, as well as having insurance coverage.
Psychology of Investing
The podcast delves into the psychological aspects of investing and how emotions can impact investment decisions. Vontoble emphasizes the need to avoid panic and knee-jerk reactions to market downturns, and to develop a long-term investment strategy based on individual risk tolerance and financial goals.
Building Good Money Habits
Vontoble emphasizes the importance of building good money habits, such as dedicating regular time to manage finances, checking credit scores and reports, and having open discussions about money with partners. She encourages listeners to prioritize financial well-being and make it a lifelong habit.
On this week's episode of Networth and Chill, I'm joined by the founder and CEO of LearnVest, Alexa Von Tobel and we are chatting about all things investing. Investing can be a great tool to increase your wealth, but knowing where to start can feel overwhelming. Not only that, but it can feel like a huge risk to put your hard earned money into something that feels risky. Alexa is an expert when it comes to the world of investing, and she is here to break down the basics and walk us through the easiest ways to get started. We talk about the biggest mistakes people make when investing, and how to not let a fluctuating market scare you into making a rash decision. Plus, I ask Alexa what her opinion is on some of the most popular investing categories, from real estate to collectibles to crypto.
Got a financial question you want answered on a future episode? Text me or leave me a voicemail at 908-858-3410.
Special thanks to our sponsors:
Facet: Use my link to have the enrollment fee waived.
Athletic Greens: Use my link and her a free 1 year supply of Vitamin D and 5 free travel packs with your first purchase.