Have you considered refinancing your student loan(s) in order to get a better interest rate? Do you understand what refinancing even is? Like you, on my student loan journey, I have considered various options. Refinancing has been one of my major considerations. Refinancing your student loan means that you are trading in your old loan for a new one with hopefully better terms. However, there are important things to consider before you take that leap. If you have Federal student loans and you decide to refinance, you will lose access to many federal student loan benefits including the current pause on repayment. There are also other considerations. Tune in to episode 32 of the Spondulix podcast below to learn more. ...
EP 30: All About the Amazon Stock Split
Have you heard the latest news about the Amazon stock split? Do you know what it means or why it matters? The latest episode of Spondulix answers those questions and gets into the details. Next time you hear about a stock split, you will have all the insight. As an added bonus, if you are listening on Spotify or Anchor, this episode is available with video. Enjoy! ...
Ep 28: ETFs – Exchange Traded Funds 101
ETFs are exchange traded funds. They are investment vehicles that involve a basket of assets, that can include stocks and bonds. Like mutual funds, ETFs can be created to track specific indices (such as tech or agriculture). Unlike mutual funds, which can only be traded once per day, ETFs can be bought and sold throughout the day in the same manner as individual stock. In episode 28 of the Spondulix podcast, I get into the details of ETFs. Take a listen below. ...
Ep 12: Mid-Year Money Date
We have made it all the way to June 2021. We are halfway through the year and this is the perfect time for a money date. The idea of a money date is to create a periodic check in with your finances and to get an overall picture of your net worth and financial health. Join me as I discuss what you should be tracking on this date. Come talk money with me! Listen in to the episode below and join the conversation on instagram @Spondulixpod ...
Ep 11: Certificate of Deposit – The 411 on CDs
Are you looking for a low risk way to save a sum of money you will not be needing for a while? Certificates of Deposit, referred to CDs, are a type of savings product offered by banks and credit unions that may work perfectly for you. CDs often offer better terms than regular savings accounts and carry very little risk because the money is saved rather than invested in the stock market. The advantages offered by CDs are definitely worth understanding. When you are considering a CD it is important to shop around for 3 things: The financial institution offering you the best rate The term of your CD (or how long the funds have to remain in the account to get the full return on your money)Any early withdrawal fees you may have to pay for tapping into your funds before the end of your term Listen in to episode 11 of the podcast to learn all about CDs and a great CD hack called a CD ladder. Come talk money with me! Join the conversation on instagram @Spondulixpod ...
Ep 10: Practicing Investing with Zero Risk – Guide to Paper Trading
Does the stock market seem complicated to you? Are you looking for a way to practice in the stock market without risking your dollars? Paper trading is the perfect way to simulate participation in the market using "virtual" dollars. This is a great way for you to learn about the stock market and a great way to practice your investment strategy. Paper trading is also a great way to introduce young children to the market and give them an early start on the journey to financial literacy. This episode gets into all of the details of paper trading including how to het started. Take a listen to episode 10 and come talk money with me! I mention a few paper trading options in this episode which are linked below: Investopedia Stock Simulator TD Ameritrade: Thinkorswim Tradestation ...