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Yo Quiero Dinero

How to Start Investing | Tess Waresmith | Wealth with Tess

Yo Quiero Dinero

Jannese Torres

Saving, Entrepreneurship, Business, Investing, Wealth, Personal Finance For Latinas, Personal Finance, Budgeting, Finances, Generational Wealth, Equal Pay, Financial Literacy

4.9607 Ratings

🗓️ 27 January 2025

⏱️ 54 minutes

🧾️ Download transcript

Summary

Episode 307 features Tess Waresmith of Wealth with Tess! We're discussing how to start investing. Listen now!

Tess Waresmith is an investing educator and founder of Wealth with Tess, a financial education community that helps millennial women learn how to grow their money using simple investing strategies so that they can retire comfortably and live life on their terms.

After losing thousands in investing mistakes in her 20’s, Tess learned everything she could about wealth building and built her net worth from 0 to over 1 million as a single 35 year old woman. Tess’s story and business was recently featured on Business Insider and Fox 5.

Now she’s on a mission to reduce the gender wealth gap and help more women build wealth through digestible, judgement and jargon-free education. Thousands of women have attended her free investing workshops and hundreds of women have joined her small group coaching programs.

For full episode show notes, visit here.

Watch the full interview on our YouTube channel! Subscribe here.

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Transcript

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0:00.0

There's a lot we're told about bladder leaks.

0:02.5

We're told it means you're getting old,

0:04.7

but it means worrying about your night's sleep.

0:07.0

But it means weakness.

0:09.2

Really?

0:10.3

Tena discrete ProTech Plus maxi night pads

0:12.8

give you maximum protection and comfort for a peaceful night's sleep.

0:16.4

And they give you Tena triple protection,

0:18.4

offering up to 12 hours of dryness.

0:20.5

It's time to rethink

0:21.2

bladder leaks. Visit tennah.com.ukuk forward slash women. Always seek medical advice from your

0:26.7

GP or pelvic health specialist. One of the easiest ways to get started is to master what you

0:36.4

already have. So if you have a 401k,

0:39.3

even if you only have $2,000 in it or an IRA, if you have any kind of account like that,

0:45.1

you're already investing. So learning the basics of how that account helps you save on taxes

0:50.6

and how that money is invested can be a really helpful place to start.

0:55.0

You want to understand your cash flow, how money comes in and out of your life.

1:00.0

The most important piece of this is going to be to make sure that you have enough money to contribute

1:06.0

in the first place, making sure if you have high interest credit card debt, that's debt that you're going to want to

1:12.4

get rid of and you have a little bit of savings. You can start investing with $10 a month

1:17.0

if that's all you have. And I recommend you do that.

1:22.6

You're listening to Joquiero Dinoero, a personal finance podcast for the modern Latina. I'm your host, Janice Torres, award-winning Latina personal finance expert. I didn't always have my financial shit together, but when I started looking for POC-friendly personal finance podcasts, I couldn't find any. And so Yo Chiro Dineiro was born. On this show, I'll show you how to make

...

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