Episode 80 Becoming Wildly Resilient Conversation: Financial Well-being Part 2
Listen as host Sebastian Calmes, a Wellness Specialist with UK HR Health and Wellness, and Dr. Bruce Ross, Department of Family Sciences Associate Professor and FFC Program Director, discuss personal finance basics.
In this episode, Dr. Bruce Ross shares information and wisdom on investing and money mentalities conducive to success and life satisfaction. A rule of thumb is to invest 20% of our income into retirement accounts that can grow exponentially over time. When is the best time to plant a tree? 20 years ago. When is the second-best time? Right now. Dr. Ross reminds us it's time to plant that tree.
Transcript:
- click here for full episode transcript
Mentioned in this episode:
Key Takeaways:
- Diversification is probably one of the most important things when it comes to investing.
- Diversification is where we need to invest our money into multiple different areas or different companies to minimize risk.
- We can invest in the market, real estate either buying land and holding it to increase in value or as a land lord, or valuable commodities such as art, gold, silver, gems.
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Have feedback or suggestions for future topics? Email us at healthandwellness@uky.edu.
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