Money Girl

Do you know the difference between good and bad debt? Laura explains why it's a critical concept for saving money, building wealth, and creating more financial security. Plus, she covers a simple 7-step plan for paying off debt fast.

Encore Episode: This episode originally aired on Wednesday, March 6, 2024.

Money Girl is hosted by Laura Adams and is part of the Quick and Dirty Tips Network.

Hosted on Acast. See acast.com/privacy for more information.

1028. Laura answers a listener’s question about investing a lump sum or using a dollar-cost averaging (DCA) strategy. Find out what DCA is and its pros and cons whether you have a little or a lot to invest.

Key takeaways
Dollar-cost averaging (DCA) is a simple strategy where you invest a consistent amount at regular intervals.
DCA benefits include reducing market risk, needing smaller amounts of cash, and making investing less emotional.
DCA can also be a wise strategy when you have a large amount to invest, such as a cash windfall.
The main DCA downside is potential missed growth when the market is rising over time.
Making a lump sum investment can be wise when your finances are in good shape, don’t need to be systematic, have a high risk tolerance, and want to maximize returns.

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Transcripts available at QuickandDirtyTips.com.
Email: Laura@LauraDAdams.com or leave a voicemail: (302) 364-0308.

Hosted on Acast. See acast.com/privacy for more information.

749. If you’re worried about a recession or just want to strengthen your finances, Laura covers seven steps to take now to ease the impact of a future hardship.

Encore episode: This episode originally aired in November 2022.

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Transcripts available at QuickandDirtyTips.com.
Email: Laura@LauraDAdams.com or leave a voicemail: (302) 364-0308.
Hosted on Acast. See acast.com/privacy for more information.

Think you need to make monumental changes to achieve your financial goals? Think again. Money Girl has 8 micro money habits to help you take control of your finances, feel secure, and reach any realistic financial goal you desire.

Encore Episode: This episode originally aired in June of 2022.

Money Girl is hosted by Laura Adams. Find Money Girl on Facebook or subscribe to the newsletter for more personal finance tips. You can read the transcript here.

Visit www.quickanddirtytips.com for more.
Hosted on Acast. See acast.com/privacy for more information.

1027. New graduates can create financial freedom by consistently following a few fundamental money rules. Laura reviews seven tips that can set young adults up for a lifetime of financial success.

Expert advice for navigating life after graduation — for new grads and the people cheering them on. From finances and freelancing to nutrition and knowing when to ask for help, find it all in our "Life After Graduation" playlist on Spotify.

Key takeaways:
Accepting various types of financial help from family can be part of a new graduate’s launchpad to independence.
Maintaining a cash cushion in a high-yield savings account should be a top priority for creating financial security.
Building your credit scores is an excellent way to get access to credit at lower interest rates and save on various products and services.
Keeping debt to a minimum and understanding any student loan repayment options can improve your current and future financial well-being.
The power of compounding makes it wise to invest sooner rather than later, even if you can only put away small amounts consistently.

Discover more from Money Girl!
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Transcripts available at QuickandDirtyTips.com.
Email: Laura@LauraDAdams.com or leave a voicemail: (302) 364-0308.
Hosted on Acast. See acast.com/privacy for more information.