Join our #CreditChat on Twitter and YouTube every Wednesday at 3 p.m. ET.
This #CreditChat panel included: Douglas A. Boneparth – CFP Board Ambassador and Vice President at Life and Wealth Planning, the Debt Free Guys- John Schneider and David Auten, Rod Griffin – Director of Public Education at Experian, and Mike Delgado – Social Media Community Manager at Experian.
This deck features tips from: @BradSherman, @LeslieHTayneEsq, @Rod_Griffin, @Kasasa, @DebtFreeGuys, @dougboneparth, @SFCUNews, @CapWestMortgage, @ItPaysDividends, @CinfedCU, @vouch, @Cheapsters, @kalamarides, @CaryCarbonaro, @kevincswanson, and @comparecards.
1. Smart Tips for Investing
#CreditChat
Wednesdays | 3 p.m. ET
2. Join our #CreditChat every Wednesday at 3 p.m. ET.
This week, the community shared some tips about how to get
started and be smart with investing.
ex.pn/investing
4. Investing is important because it has the
potential to create financial freedom. It
can allow your hard-earned money to
keep up - or exceed - inflation.
#CreditChat
Wednesdays | 3 p.m. ET
Brad Sherman
@shermanwealth
5. Investing, when handled properly,
can be a great way to accumulate
wealth and fund some of your long-
term financial goals!
#CreditChat
Wednesdays | 3 p.m. ET
Leslie H. Tayne, Esq
@LeslieHTayneEsq
6. Investing is the best way to build
savings for retirement.“
#CreditChat
Wednesdays | 3 p.m. ET
”
Rod Griffin
@Rod_Griffin
Investing is the best
way to build savings
for retirement.
#CreditChat
Wednesdays | 3 p.m. ET
Rod Griffin
@Rod_Griffin
7. Investing gives you the opportunity
to grow your money. It can create
passive income streams and boost
your net worth.
#CreditChat
Wednesdays | 3 p.m. ET
Kasasa
@Kasasa
9. Start investing ASAP - the sooner
the better.
#CreditChat
Wednesdays | 3 p.m. ET
Debt Free Guys
@DebtFreeGuys
10. Always start investing as early as
possible to reap the rewards of
compounded interest.
#CreditChat
Wednesdays | 3 p.m. ET
Brad Sherman
@shermanwealth
11. Start investing as soon as possible.
Even a little adds up to a lot over a
long time.
#CreditChat
Wednesdays | 3 p.m. ET
Rod Griffin
@Rod_Griffin
12. Start early! Not only does this
give you more potential to earn,
but if there is a learning curve
get it out quickly!
#CreditChat
Wednesdays | 3 p.m. ET
Kasasa
@Kasasa
13. Matching contributions aside,
typically investing begins after
an emergency fund is
established and goals are
accounted for.
“
#CreditChat
Wednesdays | 3 p.m. ET
Douglas A. Boneparth
@dougboneparth
”
Matching
contributions aside,
typically investing
begins after an
emergency fund is
established and goals
are accounted for.
#CreditChat
Wednesdays | 3 p.m. ET
Douglas A. Boneparth
@dougboneparth
15. You can invest in stocks, bonds,
mutual funds, CDs and more. You
can control it all or work with a
broker.
#CreditChat
Wednesdays | 3 p.m. ETSoutheast Financial
@SFCUNews
16. Start with your company’s 401k;
Auto deduction, free money if
matched, and you don’t need to
be an expert.
#CreditChat
Wednesdays | 3 p.m. ET
Rod Griffin
@Rod_Griffin
17. Investing in real estate is one of the
most stable long-term investments
one can make!
“
#CreditChat
Wednesdays | 3 p.m. ET
”
Wise Bread
@Wisebread
#CreditChat
Wednesdays | 3 p.m. ET
CapWest Mortgage
@CapWestMortgage
Investing in real estate is one of
the most stable long-term
investments one can make!
#CreditChat
Wednesdays | 3 p.m. ET
CapWest Mortgage
@CapWestMortgage
18. #CreditChat
Wednesdays | 3 p.m. ET
It Pays Dividends
@ItPaysDividends
Don’t forget about investing in
yourself through conferences,
networking, extra education, etc.
19. Invest in professional help. Don’t
try to be an expert, just work with a
great one!
#CreditChat
Wednesdays | 3 p.m. ETRod Griffin
@Rod_Griffin
20. What are some mistakes to avoid when
investing?
#CreditChat
Wednesdays | 3 p.m. ET
21. Avoid concentrating your investments
in one place, especially your own
company’s stocks. Diversity is key.
#CreditChat
Wednesdays | 3 p.m. ETSoutheast Financial
@SFCUNews
22. It’s important to know your risk
tolerance, investment goals,
investment objectives, and time
horizon.
#CreditChat
Wednesdays | 3 p.m. ETDebt Free Guys
@DebtFreeGuys
23. #CreditChat
Wednesdays | 3 p.m. ET
Cinfed Credit Union
@CinfedCU
Invest it and forget it - don’t jump
off the ride when the market dips.
It will come back. You just have to
wait.
#CreditChat
Wednesdays | 3 p.m. ET
24. Don’t lose sight of common sense
and be realistic of your financial
boundaries when investing.
#CreditChat
Wednesdays | 3 p.m. ETVouch
@vouch
25. Make sure you pay attention to
taxes and the tax implications of
your various investments!
#CreditChat
Wednesdays | 3 p.m. ETBrad Sherman
@shermanwealth
26. Don’t buy cheap stocks just
because they are cheap. They are
probably cheap for a reason.
“
#CreditChat
Wednesdays | 3 p.m. ET
”
Cinfed Credit Union
@CinfedCU
Don’t buy cheap stocks just
because they are cheap.
They are probably cheap
for a reason.
#CreditChat
Wednesdays | 3 p.m. ETCinfed Credit Union
@CinfedCU
27. What are some simple ways to get started
with investing?
#CreditChat
Wednesdays | 3 p.m. ET
28. Podcasts can also be a great tool for
learning about investing,
understanding the basics, and
discovering what’s best for you.
“
#CreditChat
Wednesdays | 3 p.m. ETLeslie H. Tayne, Esq
@LeslieHTayneEsq
”
Podcasts can also be a great tool
for learning about investing,
understanding the basics, and
discovering what’s best for you.
#CreditChat
Wednesdays | 3 p.m. ETLeslie H. Tayne, Esq
@LeslieHTayneEsq
29. Self-education. Plenty of blogs and
books from the library. Start with
virtual trading to gain some practice.
#CreditChat
Wednesdays | 3 p.m. ETCheapsters
@Cheapsters
30. Easiest way to invest is through the
workplace. Sign up for 401k or
open an IRA.
#CreditChat
Wednesdays | 3 p.m. ETJamie Kalamarides
@kalamarides
31. Talk with a good adviser. They can
help determine strategies that fit
our personality and goals.
#CreditChat
Wednesdays | 3 p.m. ET
Rod Griffin
@Rod_Griffin
32. How do you decide how much should go
toward investing vs. paying off debt?
#CreditChat
Wednesdays | 3 p.m. ET
33. Pay off debt - then invest.
“
#CreditChat
Wednesdays | 3 p.m. ET
”
Cinfed Credit Union
@CinfedCU
Pay off debt -
then invest.
#CreditChat
Wednesdays | 3 p.m. ET
Cinfed Credit Union
@CinfedCU
34. If your company matches, always
invest at least to the match. Use
the rest to pay down debt.
#CreditChat
Wednesdays | 3 p.m. ET
Rod Griffin
@Rod_Griffin
35. It’s generally a good rule of thumb
to save the heavy investing until
after you’ve paid off debt.
#CreditChat
Wednesdays | 3 p.m. ET
Kasasa
@Kasasa
36. Difficult, personal choice, but have
no credit card debt and your
emergency fund before investing!
#CreditChat
Wednesdays | 3 p.m. ET
Cary Carbonaro, CFP
@CaryCarbonaro
37. Have an emergency fund, pay off
credit card debt, and then look at
risk tolerance to decide investing
vs. paying off other debt.
#CreditChat
Wednesdays | 3 p.m. ETKevin C. Swanson
@kevincswanson
38. Any final tips for those interested in
investing or making more investments?
#CreditChat
Wednesdays | 3 p.m. ET
39. The earlier you start, the more
mistakes you can make and still
end up on your feet. Fail early for
future success!
#CreditChat
Wednesdays | 3 p.m. ET
Compare Cards
@CompareCards
40. Educate yourself and don’t be afraid of
making a mistake or two along the
way.
#CreditChat
Wednesdays | 3 p.m. ETSoutheast Financial
@SFCUNews
41. There is no better day than today
to invest. Procrastination is not
wise when it comes to investing.
“
#CreditChat
Wednesdays | 3 p.m. ET
Cary Carbonaro, CFP
@CaryCarbonaro
”
There is no better day than today
to invest. Procrastination is not
wise when it comes to investing.
#CreditChat
Wednesdays | 3 p.m. ET
Cary Carbonaro, CFP
@CaryCarbonaro
42. Don’t try to time the market.
Investing is about TIME IN the
market not TIMING the market.
#CreditChat
Wednesdays | 3 p.m. ET
Debt Free Guys
@DebtFreeGuys