218: 11 Financial Moves to Make in 2017

Be Wealthy Podcast CoverLearn 11 savvy financial moves to make in 2017:

1. Identify any mistakes made in 2016

– Stocks to sell, trim losses

2. Review & rebalance portfolio

– Make sure you own some small caps

3. Consider strategic investments in high growth areas

– Spice up your portfolio with India, silver, China, tech, etc.

– What can you buy low? Commodities? Uranium? Miners?

4. Reduce debt

– Refi or pay off

5. Avoid long-term bond funds

– 30 year bonds have the most risk in a rising interest rate environment

6. Save and invest more

– Savings accounts have low interest rates, investment accounts offer potential of higher compounding, but have more risk.

7. Think over large purchases

– Do you really need a new car?
– Could you invest instead?

8. Start a side hustle for extra income?

– Never easier to start a business

9. Consider how big picture changed and how it will affect you

– New President, lower taxes?
– Interest rates rising
– Banks in Europe in crisis?

10. Things that didn’t change

– Debt in USA
– Your work? Income? Mortgage?
– Your goals?
– Your retirement age?

11. Time, Money, Compounding Rate are the 3 things that effect your wealth.

– Time = years to retirement
– Money = amount to invest
– Compounding rate = % you compound money

Make it a priority to learn about investing.

Financial freedom can be yours…

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About Linda

Host of the “Be Wealthy & Smart” podcast on iTunes. Linda received a bronze 2014 Stevie® as “Maverick of the Year” for financial education by the American Business Awards. A millionaire at age 38 and widowed at age 45, Linda uses her vast financial experience and knowledge to empower women and men worldwide to financial freedom. She is the only financial expert who teaches to start with a wealthy mindset before learning the twin pillars of wealth building: investing like billionaires and creating a luxury brand business.

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