Apr 24, 2018
In our final week of Financial Literacy Month, Tela Holcomb
joins us to discuss the stock market in plain
English. Yes, we asked her about Bitcoin!
But first, Tela is a stocks and options trader, mom, and
wife who is focused on spending the most of her time living the
life she loves. Before achieving this freedom, like many of you,
she was dependent on a paycheck from the 9 to 5 to pay her bills.
That was cool, but she wanted to have more time to spend with her
family, friends, and travel not just climb someone else's corporate
ladder. Her escape plan? In 2009 she started teaching herself how
to trade the stock market. Just 5 years later, she reached
financial freedom and escaped the corporate matrix! On today's show
she will help you learn:
- An easy way to use stock charts to rebalance your 401k/IRA to
maximize your returns
- Tips for managing your emotions so you can choose a proven
investment system that will make you more money
- Investment Tools for setting up your investment journey to
maximize the success of your short- and long-term financial
goals
- The difference between active and passive investment and how
both can help you achieve your financial goals
- Using your personality to determine the risk tolerance and
investment type best suited for your lifestyle and how to answer
the question: do I want to trade or invest?
- Websites, tools, and resources you can use to safely practice
investing before using your own money
[bctt tweet="Do you want to be a trader or investor? When you
make an informed decision it's not gambling, it's a smart
investment decision. - @TelaHolcomb" username="PayBalances"]
Financial Literacy Month: Tela's recommended Action
Items:
- Get Smart on your 401k. Meet with your company
or financial advisor or use Tela's investment hacks to ensure your
401k is properly balanced and aligned with your financial
goals.
- Pay Off Debt. If you're tired of the
9-to-5, reducing your debt is a great
start to turning the hobby or side-hustle into your next full-time
job. Don't allow debt to hold you back from your dreams any
longer.
- Find Your People! Surround yourself with
like-minded people that are interested in seeing you improve. This
can be online (groups, forums, etc.) or off-line (networking,
conferences, etc.) but be sure to find people that support and push
you towards your goals rather than distract or discourage.
References Mentioned in this Show
- Tela Holcomb
- Investment Tools:
- Motif Investing - Motif Investing is an
investment company that allows you to pick a portfolio that aligns
with not only your financial goals but your values as well.
- StockPile
- Ally
- TD Ameritrade - Think or Swim
- PersonalCapital.com
- Investopedia.com - a website focusing on investing
education and financial news
- National Financial Literacy Month April 2018 – Learn More
at FinancialLiteracyMonth.com
Announcements
- If you're a Mint user or considering signing up, check out
Marcus' piece for GoBankingRates and featured on
YahooFinance.com, I Used Mint Wrong for Years and You
Probably Are Too.
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exclusively for our email subscribers: The 15 Minute Paychecks and
Balances Money Plan: Your Guide to Financial Freedom. The free
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why just 15-minutes may change the next 15 years of your own
journey to reach financial independence.
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