Episode 40: Breaking Down Investment Barriers: Start with Any Budget with Mabel from Girls on the Money

Keywords

investing, financial education, budget, fractional shares, risks, personal finance, stock market, investing advice, financial literacy, community empowerment

Summary

In this episode of Financial Progress, hosts Chrissy and Jess welcome Mabel from Girls On The Money to discuss how to invest for any budget. Mabel shares her personal journey with finance, emphasizing the importance of investing early and educating oneself about the stock market. The conversation covers misconceptions about investment minimums, the benefits of fractional shares, and the risks associated with investing, particularly in penny stocks. Mabel encourages listeners to start investing regardless of their financial situation and to focus on quality investments while doing thorough research.

Takeaways

• Investing can start with as little as $20.
• It's crucial to educate yourself about investing.
• Fractional shares allow for investment in expensive stocks with smaller amounts.
• Avoid penny stocks due to high risks and lack of regulation.
• The S&P 500 is a recommended starting point for new investors.
• Investing is a skill that can be learned by anyone.
• Quality companies are safer investments than unknown startups.
• It's never too late to start investing, regardless of age.
• Do your own research to avoid scams in the investment world.
• Building a portfolio of 5-10 quality companies is a solid strategy.

Disclaimer
The content provided on Financial Progress Podcast is for informational and educational purposes only. We are not financial advisors, and the information shared should not be considered as professional financial advice.
The views, opinions, and recommendations expressed in our content are those of the hosts and guests and do not necessarily reflect the views of any organizations, companies, or individuals mentioned.
While we strive to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the content shared. Any reliance you place on such information is strictly at your own risk.
We encourage our audience to consult with a qualified financial advisor or other professional before making any financial decisions. Every individual's financial situation is unique, and what may work for one person may not work for another.
We do not endorse any specific financial products, services, companies, or individuals mentioned in our content unless explicitly stated otherwise.
By accessing or using our content, you agree to waive any claims against Financial Progress Podcast, and its hosts for any liabilities, losses, or damages arising from the use of the information provided.
Thank you for tuning in, and remember to always stay informed and make wise financial decisions.