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If you want to invest in your future, you have to control your finances.

Meeting your financial goals starts with understanding how money and investments work.

In this episode, Marissa shares how to begin getting your finances in order, starting with your checking and savings accounts.

Marissa breaks down the different investment types, how compound interest can magnify your wealth, and the three places you can invest your money.

In this episode, you will hear:

• Why you should understand your financial goals and how to invest it

• Start with your checking and savings accounts and what they yield

• What certificates of deposit (CDs) are and how they work

• What alternative investments are and how they\\u2019re used, such as bonds

• Why stocks are good investments and why they require discipline

• What exchange-traded funds and mutual funds are

• Why real estate is a great place to invest

• The three places you can invest money: your own business, other people\\u2019s businesses, and real estate

• What the risk level is of each investment option: aggressive, balanced, or conservative

• How long the money should be invested and when you need it

• How your cycle of emotions will impact your investments and fear drives behavior

• The two ways to invest: retail or institutionally

• What long-term returns are and how financial advisors are paid

• What an institutional manager is

• An example of what time can do for your investments

Subscribe and Review

Please share this podcast with your friends and family. Our beliefs really do drive our behavior and you are born for more.

Have you subscribed to my podcast? If the answer is no, I\\u2019d love for you to subscribe. Live Life Rich is full of stories of business, some behind the scenes, and freaking amazing guests.

If you\\u2019re feeling really generous, I\\u2019d love for you to give me a review over on Apple Podcasts. Simply select \\u201cRatings and Reviews\\u201d and \\u201cWrite a Review\\u201d then a quick line with your favorite part of the episode. It only takes a second and it helps me out a ton!

Supporting Resources:

https://marissanehlsen.com\\xa0

Facebook: https://www.facebook.com/marissa.nehlsen

Instagram: https://www.instagram.com/marissanehlsen/

Standard of Living Budget Worksheet: https://marissanehlsen.com/standard/

Bulletproof Your Business: https://marissanehlsen.com/bulletproofyourbusiness/

Get my \\u201c15 Ways to Create Cash in Your Business\\u201d download: https://15stepstofreedom.com

Join the Live Life Rich Community Facebook group: https://www.facebook.com/groups/liveliferich/

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Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know I sent you.