Financial Wellness Network Money Matters: Compounding Interest

Posted by:

Hey! Do you know how to make your money work for you, simply by using the power of time?

Compounding interest is, essentially, interest on interest. Interest accumulates on what you put in as well as any interest that came before. It adds up faster than you might think.

For example, say you start with $10,000 and contribute another $500 every month for five years at a 5% interest rate that compounds annually. In five years, you will have around $38,000. In ...

Continue Reading →
0

Money Matters: Tight Budget @757

Posted by:

TRANSCRIPT

(Kristen) Welcome to Money Matters at 7:57 with Justin Chastain. And, Justin, for those out there who are trying to cut back this year, what are some ways to really save money on a tight budget?

(Justin) Don’t take yourself too seriously. So, I always tell people it’s not about cutting things out or giving things up. It’s what are you adding value towards? So, when you’re looking at your value-based budgeting, make sure if you don’t value something in your ...

Continue Reading →
0

Money Matters: How to Research Stocks @757

Posted by:

TRANSCRIPT

(Kristen) Welcome to Money Matters at 7:57 with Justin Chastain. And, Justin, okay, help us out today. So, we all may want to know some tips on how to research stocks.

(Justin) I think everybody does, right? And even Warren Buffett says, “I’ll never give you advice on a basic stock,” or a tip, but some basic things to do as you’re out looking around. Number one, go to websites like NerdWallet, Investopedia. Those are really good resources, too, to really talk more ...

Continue Reading →
0

Money Matters: Financial Checklists @757

Posted by:

TRANSCRIPT

(Kristen) Welcome to Money Matters at 7:57 with Justin Chastain. And, Justin, today, how about we make a list? Does that sound good?

(Justin) Well, unless you’re Santa Claus or you work for the DMV or the government officials, I don’t know. But I do think checklists are important, especially when you’re talking about your finances.

(Kristen) Yeah, so let’s talk about the financial checklist. So, how can it really help us, like, stay on budget this year?

(Justin) Because if you take ...

Continue Reading →
0

Money Matters: Budget Goals @757

Posted by:

TRANSCRIPT

(Kristen) Welcome to Money Matters at 7:57 with Justin Chastain. And, Justin, budgeting – not always an easy task for most of us, but what are some good goals to set for a budget? We all do that, you know – New Year goals.

(Justin) You know, when I think of goals, I think of pandas. Now, you’re like, OK, now what? Bamboo? They need to be strong but flexible, and they don’t need to be anything that’s not realistic or valuable to you. ...

Continue Reading →
0

Money Matters: Basics of Investing @757

Posted by:

TRANSCRIPT

(Kristen) Welcome to Money Matters at 7:57 with Justin Chastain. So, Justin, let’s talk stocks. What advice do you really have for people out there who are really just starting to invest?

(Justin) Well, it really just depends if you want chicken or beef. Wrong stock, right? I would tell anybody before you ever start researching stocks or bonds, you need to do three simple things. Number one, create an emergency fund. Have liquidity – three to six months’ worth of ...

Continue Reading →
0

Money Matters: Bad Money Habits @757

Posted by:

TRANSCRIPT

(Kristen) All right. Welcome to Money Matters at 7:57 with Justin Chastain. So, Justin, help us be a little good this year. We’re trying out there, right? What are some tips to help recognize that we may actually have some really bad money habits?

(Justin) Well, you’re asking the wrong person. I got coal in my stocking this year, so, no, it is. It’s easy to follow into developing just habits. And you said it. It’s not about achieving goals or ...

Continue Reading →
0

Money Matters: Travel Insurance @757

Posted by:

TRANSCRIPT

(Kristen) Welcome to Money Matters at 7:57 with Justin Chastain. And, Justin, today I want to talk to you about something that a lot of people have questions about: travel insurance. I mean, we’re all getting out there again. So, what is it all about?

(Justin) Travel insurance is something that’s always good to have as we are getting out and traveling more. Now, I know what you’re thinking: More insurance, really? But, yeah, because, you know, as we’re traveling more ...

Continue Reading →
0

Money Matters: Budget Anxiety @757

Posted by:

TRANSCRIPT

(Kristen) Welcome to Money Matters at 7:57 with Justin Chastain. And, Justin, we talk a lot about budgeting, but this is a big one. What’s “budget anxiety”?

(Justin) A lot of people suffer for this, even myself when I hear the word “budget.” You know, when I teach classes, I always say “achieving financial wellness.” There’s just something about that word that gives – it just makes us more uptight. But it’s also because of our psychology of what we view ...

Continue Reading →
0

Money Matters: Why Get Insurance

Posted by:

Do you ever wonder why you need insurance?

You might think it’s to protect your stuff, but actually, it’s to protect your family.

Insurance is a contract made between you and the insurance company that protects you, as well as your family, from unexpected emergencies or losses.

Some forms of insurance are required by law, while others are optional.

Insurance may seem like an extra expense at first, as you have to pay a monthly premium for the policy, but long term it can ...

Continue Reading →
0
Page 3 of 11 12345...»