Here comes Wired Finance, the podcast to understand the economy in simple words

Here comes Wired Finance, the podcast to understand the economy in simple words

Here comes Wired Finance

For many it is an unexplored and impervious terrain, but finance is increasingly part of our lives: understanding its mechanisms can help keep dangerous bubbles away and seize the opportunities that technology and innovation make available to savers. Hence Finance, a podcast series by created in partnership with Invesco to tell the economy in simple words in the years of the Yolo generation: twenty-thirty year olds who accept the fluidity of the labor market, challenge the present and take up the most fascinating challenges of life because you only live once (you only live once, in fact). Finance will be online every Monday and for eight weeks on and on the main audio platforms ( Spotify, Apple Podcast, Spreaker, Deezer and other platforms).

A survey by the Bank of Italy revealed some time ago how necessary it is in Italy to work on financial education: experts are just 17% of the population and the competent 32%; all the others are divided between the excluded (21%) and the incompetent (30%). Emblematic numbers that make Italy one of the countries with the lowest financial literacy: the same research by Palazzo Koch always places Italy in the queue among the 26 countries (12 of which OECD) that participated in the survey: "The Italians however, they are aware of their modest financial knowledge. The percentage of individuals who believe they have knowledge below the average is about 20 percentage points higher than the OECD average ”, explains the same survey.

The themes of Finance Finance therefore begins by framing the needs of the younger generations who find themselves having to rethink their way of building a future, surfing between unstable contracts and an increasingly international market and competitive. Then we review the issues at the center of the economic-financial landscape such as investments, savings, public spending and the stock market.

Space also for the future with an analysis on the main trends related to the world of cryptocurrencies, Non-fungible tokens and the metaverse and an overview of sustainable investments: what they are, how they work and what impact they can have in the world real. The series will close with some useful advice for those who</a> want to become an entrepreneur and found their startup.

The series is produced by Michele Chicco for the editorial part and by Jennifer Keber for the production and audio editing, with the coordination of Luca Zorloni.

The episodes April 4th: La Yolo economy of the Generation 'everything and now', with Nicolò Andreula, globetrotting economist and founder of Disal consulting; Listen now April 11: What good is investing? , with Alessandro Cascavilla, an economist who divides himself between Italy and Spain with a passion for financial disclosure; Listen now April 18: Saving a little at a time, from apps to pacs, with Ginevra Zucconi, financial consultant in life and on Instagram with the page La finance donna; Listen now 25 April: GDP and public debt: what they are and what they are for, with Nicola Lipari, fellow of the Tortuga think-tank that brings together very young economists under 30; Listen now May 2: Stocks and Markets: How Does the Stock Exchange Work? , with Luca Tobagi, Investment Strategist of Invesco; Listen now May 9: Sustainability and the environment in the financial markets, with Claudia Segre, president of the Global Thinking Foundation; Listen now May 16: Cryptocurrencies, Ntf and Metaverse: Is the future digital? , with Leonardo De Rossi, Bocconi Blockchain and cryptoasset lecturer; May 23: How is a startup born? , with Maria Enrica Angelone, serial entrepreneur and CEO of Wallife.

Financial Literacy Can Help Lead Towards Financial Independence

Financial literacy is about raising public awareness of the importance of maintaining smart money management habits. We know that greater financial literacy is associated with greater financial well-being.

An accountant explaining financial matters to a couple.


Consider the following scenario: Jane saves $1000 each year for 10 years and then stops saving additional money. At the same time, Sam saves nothing for 10 years but then receives a $10,000 gift, which he decides to save. If both Jane and Sam earn a 5% return each year, who will have more money in savings after 20 years?

If your answer was that Jane would have more money, you would be correct.

Unfortunately, American adults only scored 50% (an F) on this year’s annual basic personal finance survey, as conducted by the TIAA Institute. This survey found that 23% of adults were not even able to answer 7 out of 28 questions correctly.

This data drives us at Financial Freedom Wealth Management Group to help people create a plan for their dreams and inspire them to pursue financial freedom. We have found that, unless you are wired to want to understand money and have a natural passion for it, it can be difficult to know where to start. Our life experiences from an early age shape how we look at and deal with money, and it can be hard to change habits and behaviors. No matter where you are in life, the best time to start managing your money and investing is right now. You are never too young or too old to start, no matter how much money you have.

If you’re feeling overwhelmed, you can entrust qualified professionals to help. You can partner with a financial coach or a licensed, experienced financial advisor. This might not feel like an option if you have not yet begun to accumulate assets. We would encourage you to take on the mindset of a student and learn as much as possible about managing money and investing.

People who start investing early and consistently develop a disciplined approach that often results in the accumulation of greater assets. In addition, investing with a longer time frame in mind allows an investor to withstand volatile markets and stay invested.

I remember getting my first paycheck from McDonalds when I was 17. My dad sat me down and talked to me about investing. Together, we decided I would save $25 a month into a mutual fund. I remember how excited I was to write out that check and send it in each month. That was the beginning of my investing experience and led me to a career in financial services.

Here are five investment strategies to consider whether you are a seasoned investor or just getting started.

Match Investments to Your Time Horizon: It’s important to know what you are saving for and how much time you have until you may need the money. This is all about risk management. For a shorter timeframe, consider a conservative approach with less risk. If you have a long-term goal, a more growth-oriented approach to investing might be better. These investments come with increased volatility, but a longer time horizon can mitigate the impact of this volatility.

Align Investments with Your Values: For some, it may be important to know that there are ways to invest that can help make a positive impact on the world. With what is referred to as sustainable investing, not only does it help produce positive returns, but it can also align an investor with investee companies seeking to improve their environmental, social and governance (ESG) impacts. This allows for alignment with what matters to you as the investor.

Diversify Your Investments: It’s crucial to have a diversified portfolio. This means owning many types of investments and as your accounts grow, continuing to add to a broader range of investments. This helps manage investment risk, while potentially offering greater returns than if you are invested in a less diversified portfolio, like owning a couple of single stocks.

Rebalance Your Portfolio: Rebalancing your portfolio, at least yearly, is a prudent investing strategy. Over time, certain investments may take up a larger piece of your portfolio due to positive performance within those investments. Therefore, rebalancing your portfolio back to your original risk tolerance and time horizon goals may prevent you from becoming more aggressive than you intended.

Prioritize Consistent Contributions to Your Investments: Each month, you pay your bills or other obligations, but what about contributions to your investments? Consider making a deposit into your investments as one of the first things you do each month. How much you can contribute depends on your financial situation, but the act of “paying yourself first” is a basic investment tenet.

These are just a few ways to get started with pursuing your financial goals. We would encourage you to continue to expand your financial literacy, take action, and never give up on your path to financial independence.

Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA &amp; SIPC.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual

There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.

Rebalancing a portfolio may cause investors to incur tax liabilities and/or transaction costs and does not assure a profit or protect against a loss.

The hypothetical example is not representative of any specific situation. Your results will vary. The hypothetical rates of return used do not reflect the deduction of fees and charges inherent to investing.

Forbes, Financial Freedom Wealth Management Group and LPL Financial are all separate entities.

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