Keep What You Earn Using a Simple Approach to Building Wealth with Tess Waresmith
Welcome back to part two of our enlightening conversation with investing educator Tess Waresmith! In this episode, Tess and Shannon continue their deep dive into the world of investing for entrepreneurs.
Tess shares her insights on how to start investing, even if you feel like you don't have extra cash flow. She breaks down the power of compound interest and how small, consistent investments can lead to massive returns over time. Shannon and Tess also explore the emotional barriers that hold people back from investing and provide practical tips for overcoming them.
Whether you're just starting your business or looking to level up your financial game, this episode is packed with actionable advice to help you grow your wealth.
Tess is an investing educator and founder of Wealth with Tess, a financial education community that helps millennial female founders in their 30's and 40's, learn how to grow their money using simple stock market investing strategies so that they can retire comfortably and live life on their terms.
After losing thousands in investing mistakes in her 20's, Tess learned everything she could about wealth building and used simple investing strategies to build her net worth from 0 to over 1 million by 35 as a single woman. Tess's story and business was recently featured on Business Insider.
Now she's helped thousands of women take control of their money and learn how to invest (even if you're short-on-time or a total newbie investor). Thousands of women have attended her free investing workshops, hundreds of women have joined her online beginner investing program, and she regularly shares simple money and investing tips on Instagram at @wealthwithtess so be sure to give her a follow there.
Free Beginner Investor Starter Pack
What you'll hear in this episode:
05:08 Millennials share financial lessons to empower others.
09:10 Start early, manage cash flow, plan ahead.
12:37 Investing $50/month can change wealth mindset.
15:41 Outpace escalator speed to reach financial goals.
17:02 Paying off mortgage vs. investing $500.
20:10 Consider return on investment for business decisions.
24:03 Save money for flexibility, reduce anxiety.
If you like this episode, check out:
What's the Best Way to Pour Money Into Your Business?
Introducing Money to Kids: Where Do You Start?
4 Steps to Start Your Investing Journey with Tess Waresmith
Want to learn more so you can earn more?
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Visit keepwhatyouearn.com to dive deeper on our episodes
Visit keepwhatyouearncfo.com to work with Shannon and her team
Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.