Before We Invest

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Before We Invest

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vid_beforeinvest.jpgMacho Money Investing 101 is a video series based on the fundamentals of investing. These videos will discuss many different types of investment accounts, some basic investment philosophies, and offer advice on how to find the right financial planner to fit your needs. Investing is a risk we take to build financial wealth, and even though the level of risk varies from one military family and investment to another, there will always be an opportunity to lose money. Anyone remember 2008? So before we begin investing our hard-earned cash, we really should have our basic life needs covered just in case something goes wrong. In this video, Certified Financial Planners, Scott Halliwell and JJ Montanaro, discuss what anyone's first steps to investing should look like.  Wrestling with the idea of cutting money from your budget to build a savings account?  Below is some great advice from both JJ and Scott on why it's important to have some cash readily available in a savings account.


"Bad things don't just happen to bad people, they happen to all people. And when those things involve money, one of the best ways keep them from burying you in debt is to have money in the bank. Granted, you won't earn much on your savings in this interest rate environment but that doesn't matter. These aren't your 'get rich' dollars, they're your 'don't get poor' dollars." - Scott Halliwell, USAA Certifified Financial Planner.

“Occasionally, there are times when we all need a little breathing room. Whether it's some time away from work, a weekend away with our spouse, or from a financial perspective a cash cushion to insulate us from the unexpected. By saving on a consistent basis, you can create that cash cushion.” - JJ Montanaro, USAA Certified Financial Planner.


 


See also...

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30 Ways of Thanks Day #24

30Still.jpgIt's usually the "little things" in life that makes us smile.  In this video we learn that sometimes you don't have to make a grand gesture to show your thanks for military families.

 

November is Military Families Appreciation Month, and the 2014 Armed Forces Insurance Branch Spouses of the Year (Branch SOYs) want to help everyone, everywhere participate in thanking and honoring military families.

Americans love our military, but many people don't quite know how best to express their gratitude. As National Guard Spouse of the Year Dr. Ingrid Herrera-Yee notes, “saying "thanks" to our military families is something that many want to do, but are at a loss as to how to do it –or in the case of Guard and Reserve, how to find us!”

So the Branch SOYs created #30Ways of Thanks to help. Each day in November, the Branch SOYs will release a video with an action item that people around the country can participate in virtually or locally, individually or in groups. Participants can hash tag #30Ways so that their messages, photos, or videos are spread far and wide. Hash tags #GratefulNation and #MilFamsRock can also be added as a short-hand way to say “You are amazing, military families!” Best of all, the entire #30Ways video collection will be stored on the Branch SOYs' YouTube channel so that it can be repeated in Novembers to come, or whenever someone is looking for a way to say “thank you” to military families.

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Why Invest

vid_whyinvest.jpgOK, so you've taken the advice from our last video, "Before We Invest," and built-up a cash savings account.  Great.  But now that money is looking pretty good in savings, why risk any of it playing the stock market?  Having something is better than having nothing...right?  When it comes to planning for retirement, not exactly.  In this video, Scott and JJ (Certified Financial Planners with USAA) share some great insight on why it's important to start an investment account, what we should consider before beginning, and why it's not a good idea to simply start throwing money at random stocks.

Macho Money Investing 101 is a video series based on the fundamentals of investing. These videos will discuss many different types of investment accounts, some basic investment philosophies, and offer advice on how to find the right financial planner to fit your needs.

 


 

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