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Episode 2846:
Vicki Cook and Amy Blacklock from WomenWhoMoney.com explain the significance of taking financial risks to build long-term wealth. They stress that relying solely on savings can lead to diminished buying power due to inflation, and outline strategies to balance risk and return to achieve financial goals, regardless of one’s current financial situation.
Read along with the original article(s) here: https://womenwhomoney.com/why-is-taking-some-financial-risk-important/
Quotes to ponder:
"Building your own financial house must be a priority."
"Your future self will thank you when your net worth grows along with your confidence."
"Putting all your (financial) eggs in one basket isn’t a wise thing to do."
Episode references:
Financial Industry Regulatory Authority (FINRA): https://www.finra.org
Investor.gov: https://www.investor.gov
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Optimal Finance Daily - Financial Independence and Money Advice