Money Assistant: Ep. 1 "How do I overcome financial trauma and start investing?"
Money Assistant: Ep. 1 "How do I overcome financial trauma and start investing?"
Episode 1 of Money Assistant, the new podcast from Magnifi and Money News Network is LIVE. Today's guest, Paola, wants help from Nicole and Magnifi to get comfortable with investing.
What's holding her back? Trauma from her family's financial hardship in 2008. Nicole helps Paola warm up to investing, and Magnifi helps Paola build a portfolio that will help her pursue her newfound investing goals.
From Paola:
"If I could go back, I would tell my younger self it's great you have a job at 16-years old, but do and save and learn as much as you can.
I think for me, it was always seeing my parents, when they did have money, they always wanted to give us experiences like going somewhere, even if it was a road trip or something small. So, when I started making money for myself I decided I was going to travel and investing was NEVER in my mind because I thought, 'well if I am gone tomorrow, I'm just going to travel and travel and travel.'
But, it hit me in the face really quick when I hit 23-24, and I was like, 'what do I want? or what am I doing?' I'm avoiding the conversation of investing, I'm avoiding the conversation of what do I want in my financial life..."
"Financial habits are often somewhere in between 'I’m going to live forever' and 'I’m going to die tomorrow.' Usually we hang out in one of those two extremes, but the sweet spot is in the middle." says Nicole.
Listen as Nicole and Magnifi help Paola change her money outlook and make an actionable plan to pay down student loans and invest in Paola's future.
"I think your future self is going to appreciate all of the positive things that you’re doing today to set yourself up for tomorrow. Just because you didn’t start until a certain age, doesn’t mean that you don’t have SO much more time in front of you." - Nicole Lapin
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Money Assistant is paid for by Magnifi LLC. Nicole Lapin is a client of Magnifi LLC so this should be considered an endorsement or testimonial. Magnifi LLC is a client of Money News Network, LLC and so the host has an incentive to promote its client. The testimonials provided may not represent the experience of other clients and are not a guarantee of future performance or success.
Opinions expressed on this program do not necessarily reflect those of Magnifi LLC. The topics discussed, and opinions given are not intended to address the specific needs of any listener. Magnifi LLC does not offer legal or tax advice, listeners are encouraged to discuss their financial needs with the appropriate professional regarding your individual circumstance.