Smart Money Podcast — Why Women Outperform When Investing — And How You Can, Too

Welcome to BW’s Smart Money podcast, where we answer your real-world money questions. In this episode:

Learn how women can excel at investing, overcome financial challenges, and build wealth with practical strategies.

What does it mean to invest like a girl? How can women start investing and overcome financial challenges? Hosts Sean Pyles and Kim Palmer discuss gender differences in investing and practical strategies for women to build wealth. Kim interviews Jessica Spangler, author of “Invest Like a Girl: Jump into the Stock Market, Reach Your Money Goals and Build Wealth,” about the ways women tend to excel at investing, including taking time to make investment decisions, avoiding rash choices during market downturns, and focusing on long-term goals. They discuss strategies for eliminating high-interest debt, creating a budget that works for your lifestyle, and choosing the right mix of stocks and bonds for personal goals.

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– Bad Credit Purchase: Gravity Lending – BW rating 4.5 The rating is determined by BW’s editorial team, considering coverage options, customer experience, customizability, cost, and more. The rating system takes into account coverage options, customer experience, customizability, cost, and other factors. The rating system takes into account coverage options, customer experience, customizability, cost, and more factors. The rating formula includes coverage options, customer experience, customizability, cost, and other factors. The stereotype that women are emotional investors and make rash decisions is actually the opposite. Women tend to do more research, avoid split-second decisions, hold onto investments during market downturns, and have long-term goals. “Invest Like a Girl” is a book that guides women through investing step-by-step, covering investing basics and providing sample investment portfolios. Starting with any amount of money is possible, as fractional shares can be purchased with as little as a dollar. It’s important to address high-interest debt and have an emergency fund before investing. Net worth is calculated by subtracting liabilities from assets and gives a snapshot of financial standing. Net worth is simply a snapshot of your current financial situation, calculated by subtracting your debts from your assets. Assets can include cash, home value, valuables, and other items of value, while liabilities are the money you owe, such as loans and credit card debt. Knowing your net worth helps you understand where you stand financially and plan for the future.

Creating a budget helps you track your income and expenses, allowing you to prioritize spending on things you value. This clarity enables you to set aside money for investing and other financial goals.

When it comes to investing, choosing the right mix of stocks and bonds depends on factors like risk tolerance and time horizon. Risk-tolerant individuals may lean towards a stock-heavy portfolio, while those seeking less risk may prefer bonds. Your time horizon, or how long you have before needing the money, also influences your investment decisions.

Considering the social and environmental impact of companies you invest in is also important. Evaluating these factors can help align your investments with your values. Environmentally sustainable investing is an increasingly important topic with growing conversations and data emerging about it. It can be challenging to determine if a company’s financial reporting aligns with their sustainability efforts. Key markers to look for in equitable and sustainable investing include transparency in reporting processes, emissions data, and environmental grading.

Certifications, diversity, equity, and inclusion in company leadership are also crucial factors to consider. However, investors should be wary of greenwashing, where companies use vague terms to appear sustainable without substance. Conducting thorough research by analyzing annual reports and SEC documents is essential to ensure companies uphold their sustainability promises.

Personally, I’ve learned that simplicity in investing can be more profitable than complex strategies. Investing in well-diversified index funds rather than intricate maneuvers can yield better results. Financial goals should guide investment decisions, with short-term goals requiring immediate access to funds and long-term goals benefitting from investment growth over time.

For short-term goals, high-yield savings accounts may be suitable, while medium-term goals benefit from investment for future expenses or retirement. Long-term goals, such as retirement planning, leverage compound interest for significant growth. Despite daily stock market fluctuations, focusing on long-term goals and avoiding reacting to short-term swings is recommended for a less stressful investment experience. Why bother? If your long-term goals are so far off in the future that you don’t need to worry about them now, the most important thing is to ensure that in 20 years, 30 years, or whatever your long-term timeline is, you end up with more money than you started with. The day-to-day fluctuations in the market are just distractions, and there’s no need to get caught up in them. If you have a clear long-term vision and goal in mind, you can ignore all the noise and market chatter.

“Please do not feed the animals” as “Kindly refrain from feeding the animals” content of the given text. following sentence: “The cat chased the mouse around the house.”

The mouse was chased around the house by the cat.