Run Your Money: How To Start Investing with Laura

<p dir="ltr">Many women relate to their Bumble account similar to how they relate to their bank account, or so it seems. They don’t want to look at it and are even afraid of logging into it. It touches on core wounds around worthiness and value; they’d rather do something else.</p> <p dir="ltr">In the same vein, lots of people have misunderstandings when it comes to investing. They think it’s only for rich people or really risky. But it doesn’t have to be.</p> <p dir="ltr">My caller today, Laura, wants to know how to start investing her money. And while she’s based in Europe, anyone in the world can benefit from our conversation because a lot about your relationship with money doesn’t change regardless of where you live. In addition, you'll discover some similarities between how investing works in the U.S. and other countries.</p> <p dir="ltr">So in this episode of the Love Life Connection podcast, you’ll learn where to start investing, the difference between retirement accounts and investment funds you can choose, and how to start building your own portfolio. I’ll teach you how to prepare for retirement (and where you can get free money) and use concrete examples to see how investing can work over time.</p> <p dir="ltr">13:27 - Laura’s beliefs around investing and the type of investments I do and don’t recommend</p> <p dir="ltr">16:57 - The difference between a pension and a retirement account</p> <p dir="ltr">19:05 - Why employee retirement benefits are the best deal for most people</p> <p dir="ltr">21:33 - The difference between a ROTH and a SIPP account</p> <p dir="ltr">24:50 - What to look for in terms of financial limits on your accounts</p> <p dir="ltr">27:19 - Why you should ditch the stock shopping idea and go for an index fund instead</p> <p dir="ltr">30:34 - How index funds are different from (and better than) mutual funds and how to choose one</p> <p dir="ltr">34:11 - Should you build your own portfolio or let someone else do it?</p> <p dir="ltr">36:45 - How to access index funds and the disadvantage