Today I’ll tackle a critical topic: what to do when you have no money. I’ll start by debunking the myth of diversification for its own sake. Did you know it may be better to focus on a few key investments to potentially maximize returns? That’s right – when it comes to building wealth, it’s about quality over quantity.
It’s important to understand the different financial situations you’ll face based on your stage in life – from new graduates to seasoned professionals. How do these circumstances impact your financial strategies? Whether you’re dealing with student loans, stagnant savings, or the all-too-common “lifestyle creep,” I’ve got advice that’s tailored to where you are right now.
I’ll have actionable tips on how to turn your financial situation around, from scrutinizing your monthly expenses and understanding the power of debt to the essentials of building an emergency fund. By the end of this episode, you’ll not only understand where your money is going but also how to take control of your money. Learn all about it on this week’s episode of CAPitalize Your Finances!
Important Information:
You should always seek counsel of the appropriate advisor prior to making any investment decision. All investments are subject to risk including the loss of principal.
Diversification strategies do not ensure a profit and cannot protect against losses in a declining market.
There is no guarantee that any investing or financial planning strategy will be profitable, provide protection from loss or meet its stated objectives.
Christopher A. Panagiotu is a registered representative with, and securities offered through LPL Financial, Member FINRA/SIPC. The opinions voiced in this show (program; podcast) are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision. LPL ART-592450 (07/24)