2846: [Part 1] Why Is Taking Financial Risk Important? by Vicki Cook and Amy Blacklock of Women Who Money

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Self-improvement, Education, Business, Investing

4.5 • 1.3K Ratings

🗓️ 28 August 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2846: Vicki Cook and Amy Blacklock from WomenWhoMoney.com explain the significance of taking financial risks to build long-term wealth. They stress that relying solely on savings can lead to diminished buying power due to inflation, and outline strategies to balance risk and return to achieve financial goals, regardless of one’s current financial situation. Read along with the original article(s) here: https://womenwhomoney.com/why-is-taking-some-financial-risk-important/ Quotes to ponder: "Building your own financial house must be a priority." "Your future self will thank you when your net worth grows along with your confidence." "Putting all your (financial) eggs in one basket isn’t a wise thing to do." Episode references: Financial Industry Regulatory Authority (FINRA): https://www.finra.org Investor.gov: https://www.investor.gov Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:16.7	Sign up for a one pound per month trial period at shopify.coidek slash special offer
0:21.8	or lowercase that Shopify dot coe
0:24.2	ek slash special offer. This is optimal finance daily. Why is taking financial
0:31.0	risk important.
0:32.6	Part 1, by Vicky Cook and Amy Blacklock,
0:35.9	of Women Who Money.com,
0:38.0	and I'm your host and personal finance enthusiasts, Diana Merriam.
0:42.4	This is the show where I read to you from some of the best
0:45.3	personal finance blogs on the planet and today is a bit of a longer post so I'm
0:50.7	splitting it up into two reading the first part today and the second half tomorrow.
0:56.0	So with that, let's dive right into part one and start optimizing your life. Why is taking financial risk important?
1:09.0	Part 1, by Vicky Cook and Amy Blacklock of Women Who Money.com.
1:15.0	No matter where you are on your financial journey, controlling your finances is one of the most important things you can do for your future.
1:24.0	While it's challenging to break the cycle of living paycheck to paycheck,
1:28.0	or find money to invest when you're supporting kids or helping aging parents,
	...

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