EP. 176 Investing 101 + Why You Need To Start NOW

No lie: I used to think people truly meant saving cash when they said, “I’m saving for retirement.” I thought people had a vault with stacks of cash. Boy, was I wrong. In this episode, I go through what saving for retirement actually means, why you need to get started NOW and the power of compound interest. I also chat about different investing accounts, income limits and tax advantages, and where you can go online to start educating yourself about investing. In this episode, you’ll learn more about: Why investing is important in the first place How to start investing today + why you should  All about fractional shares, ETFs, Mutual Funds, Index Funds + investing basics The difference between an emergency fund and long-term retirement investing + more MENTIONED IN THE EPISODE EVERYTHING YOU NEED TO KNOW ABOUT EMERGENCY FUNDS Compound interest calculator  Gamestop + Robinhood explained  What is the 4% rule of retirement investing Stash App Acorns App Robinhood Vanguard Fidelity Schwab Edward Jones The Simple Path To Wealth Yahoo! Finance Investopedia  PAST EPISODES YOU’LL ENJOY: CATCHING FIRE (FINANCIAL INDEPENDENCE/RETIRE EARLY), PREPARING FOR A RECESSION & HOW TO PAY OFF YOUR MORTGAGE EARLY WITH ANDY HILL PAYING OFF $600K+ OF DEBT, HAVING A 70% SAVINGS RATE, & THE INTERSECTIONALITY OF MONEY + INTENTIONAL LIVING WITH RACHEL RAINBOLT IT’S NOT GET RICH QUICK, IT'S GET RICH CONSISTENTLY ASSUL RESOURCES: 1:1 Coaching With Sami: Apply today Instagram: Follow me on the ‘gram  Facebook: Follow me on Facebook The Sunny Sqad: Join the VIP Facebook Group SHOW INFORMATION:  A Sunny Side Up Life Podcast is a show for women who are ready to live an abundant life full of freedom + positivity. Sami Womack, nationally recognized money expert and finance coach guides listeners toward breaking free from survival mode, gaining financial freedom, staying motivated, and focusing on what matters most. Learn more at: https://www.asunnysideuplife.com     HOST BIO:  Sami Womack is the brains behind A Sunny Side Up Life. Her weekly podcast has been downloaded over 250,000 times, and her story has been featured on YNAB, Debt.com, The Purpose Show with Allie Casazza, and The His & Her Money Show. When she’s not downing caramel coffee or homeschooling her daughters, she’s creating content, collaborating with finance/minimalist organizations, and inspiring women all over the world to live an intentional life. She began this journey with her high school sweetheart, Daniel, and a debt price tag of $490,000. They both took control of their family’s finances by downsizing, budgeting, and changing habits. From this experience, A Sunny Side Up Life was born. Today, Sami owns this business helping women get through dark times and experience the life-altering magic of intentional living. DISCLAIMER(S): This show may contain affiliate links or links from our advertisers where I earn a commission or direct payment. Opinions are the creators alone. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. CREDITS: Podcast production: Weir Digital Marketing Research: Sami Womack + Vee Weir Editing: Joseph Bogumill