In this episode of the Young Money Podcast, Taylor Schulte joins me to discuss how you can find success with your retirement planning. In our conversation, he drives home practical, but often overlooked tips to designing your wealth. You don't want to miss it. You are #YoungMoney!
There are a lot of taboos when it comes to investing. I must be rich to start investing, or I’ll lose all my money if I start investing, or I don’t have a clue where to start investing…so I’ll be fine if I never do. Those may seem silly, but we all have our own taboos when it comes to investing – the good and not-so-good ones. So, let’s dig in and see if we can’t demystify some of those common taboos and help you find your own sweet spot when it comes to investing. On This Podcast Episode:Taylor R. Schulte, Founder of Define Financial, podcast host of Stay Wealthy San Diego and a fellow CERTIFIED FINANCIAL PLANNER™ is joining me in this episode to talk about– no, completely and utterly demystify- the five most common investing taboos:Taboo 1 - I can’t invest in the stock market if I have other debt (student loan, credit card, etc.)Taboo 2 - I must invest too much of my salary each month to make a difference - so why investTaboo 3 - The market is at all-time highs. I'm going to wait to invest until there is a market correction and I can buy at a lower price because I don’t want to lose my moneyTaboo 4 - I must be an investing expert to put together a solid portfolio that works for my risk tolerance (strike up a discussion about what someone should be looking at when they are evaluating mutual funds or stocks for their portfolio)Taboo 5- I can just invest in cryptocurrency and don’t have to invest in anything elseShout Out to Our Episode Sponsor:It’s your turn to start investing. Robinhood is giving listeners of Millennial Money a FREE stock like Apple, Ford, or Sprint to help you build your portfolio. Sign up at mymoney.robinhood.com.Thanks for Tuning In:Thanks for tuning in to listen to this episode of Millennial Money. Every listen means so much to us. If you’ve enjoyed this episode, please share it on social media using the hashtag #millennialmoneypodcast.Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!Millennial Money is more than just a podcast, we’re all about family here. Join us each weekend for our Sunday Brunch Email Club, where we’ll share bonus episodes, money tips, life hacks, exclusive music drops, travel deals, breakfast treats and a whole lotta’ fun!Want More:Shannah on TwitterShannah on Instagram
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