Hi everyone and thanks for joining me on the Money Girl Podcast.

I'm Laura Adams, the author of the brand new book Money Girls Smart

moves to Grow Rich. Before we get started I want to thank Brenda M for bringing an

error to my attention in podcast number 205 about IRA rules.

It's been corrected now, but I said you can withdraw contributions from a Roth IRA penalty free

as long as you've had the account for five years.

That's not correct because the five-year time frame only applies to withdrawing earnings.

Contributions can be withdrawn at any time without penalty.

I sent Brenda a signed copy of my book for catching that so quickly.

Now let's get on to the important topic of investing.

Whether you earn a little money or a lot you should save and

invest some of it for the future. Living without a financial safety net is a

sure-fire way to get into trouble and can be a huge source of stress in your life.

The sooner you get into the habit of putting money aside, the better off you'll be.

In this podcast, I'll cover the smart moves you need to make to invest like a pro, no matter how

much you earn.

One of the best financial goals you can set for yourself is to invest at least 10 to 15 percent of your income.

If that's too much for you right now, you can still invest like a pro

even if you have just $50 left over each month.

And if you don't have $50 left over each month.

And if you don't have $50 left over,

be sure to listen to Podcast Number 204,

...