150- How To Thrive in the Current Financial Market Turmoil & Better Position Yourself Financially with Jackie Cummings Koski
Journey To Launch
Jamila Souffrant
4.9 • 1.7K Ratings
🗓️ 15 April 2020
⏱️ 61 minutes
🧾️ Download transcript
Summary
A millionaire mom and retired before 50, Jackie Cummings Koski, is on this week's podcast episode sharing her path to financial freedom. She went from poverty to wealth and learned a lot about investing along the way.
Throughout most of her career, Jackie made less than six-figures a year. She prioritized saving and investing and reached her financial independence number three years before planned. Jackie created a resilient investment portfolio that continued to grow even in uncertain times like today. In this podcast episode, Jackie shares her tips about how to keep calm and survive the current market turmoil.
In this episode you'll learn:
- What is financial independence (FI) and how to calculate your FI number
- Different ways to learn about investing so you can invest with confidence
- How to reduce your taxable income
- The first place where you can start investing
- What is a Health Savings Account (HSA) and how to use it
- The best times to double down in the market, and more
Check out today's sponsor of the podcast Empower. Save more with Empower plus get $5 when you use the code JOURNEY at sign up.
Other related blog posts/links mentioned in this episode:
Jackie was on Episode 40. Take a listen and learn about the Health Savings Account, the ultimate investment, and retirement account.
Want to know how compound interest works? Check out this compound interest calculator.
Check out Jackie's book, Money Letters 2 My Daughter. Her book about money and personal finances includes easy to understand advice and guidance on some of the most important financial issues consumers face today.
Get the Free Journeyer Jump Start Guide here
Check out the other tools that help me with my finances and business here.
Check out the Journey To Launch Podcast index here which categorizes all of the Journey To Launch podcast episodes by subject. Now you can binge on your favorite topics or type of episode.
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Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast!
Watch me on News12 Watch my latest segments on News12
YNAB – Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 34 days trial of YNAB, my go-to budgeting app by using my referral link.
Connect with Jackie:
Facebook: @Jackie.CummingsKoski
Connect with me:
Transcript
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| 0:00.0 | You're listening to the Journey to Launch Podcast, how to survive and thrive in the current |
| 0:07.0 | financial market turmoil and better position yourself financially with Jackie Cummings Koski. Welcome to the Journey to Launch Podcast with your host |
| 0:18.0 | Janila Sufrant as a money expert who walks her talk. |
| 0:22.0 | She helps brave journeyers like you, get out of debt, save, invest, and build real well. |
| 0:30.0 | Join her on the journey to launch to Financial Freedom in... |
| 0:33.2 | Five, four, three, two, one. |
| 0:39.0 | Hey, hey, j, Juniors. I am, as I always am excited for you to be joining us today. |
| 0:48.5 | So before we hop into the episode, let me tell you about today's sponsor of the podcast Empower. I know how much work it is to juggle career, family, and money management. |
| 0:59.4 | Look I get it as a full-time entrepreneur with three small kids, a husband, and me trying to keep up my |
| 1:05.2 | friendships, working out and staying healthy, your girl is tired. Plus, let's not even add on the craziness |
| 1:11.8 | of the financial markets right now. |
| 1:13.7 | Hashtag Tired and over it. |
| 1:16.6 | Empower is an awesome app that gives you back your valuable time by making money management |
| 1:22.3 | and saving the easiest thing you do all day while allowing |
| 1:25.7 | you to take more control over your financial future. |
| 1:28.5 | For starters, Empower has an automated savings feature. |
| 1:31.8 | I simply tell the app my weekly savings target and |
| 1:34.9 | everyday Empower studies my income and spending and automatically knows |
| 1:39.4 | when to move the right amount of money into my savings account where it grows with unlimited |
| 1:43.8 | withdrawals and no minimums. It's called auto save. Just set it and forget it. The |
| 1:49.0 | app even tells me about upcoming payments that are due so it's nice to have the app remind me because quite honestly, |
| 1:54.6 | sometimes with my schedule, I forget. |
... |
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