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Tori Dunlap

๐Ÿ‘ค Speaker
2731 total appearances

Appearances Over Time

Podcast Appearances

Aspire with Emma Grede
Why Financial Education is the Best Investment You Can Make (Tori Dunlap)

Yeah.

Aspire with Emma Grede
Why Financial Education is the Best Investment You Can Make (Tori Dunlap)

If you have retirement accounts that are offered to you through work, that is the best place to start.

Aspire with Emma Grede
Why Financial Education is the Best Investment You Can Make (Tori Dunlap)

Take it.

Aspire with Emma Grede
Why Financial Education is the Best Investment You Can Make (Tori Dunlap)

take it because again, tax advantaged money, but also if you are at a company that will match part of that income, like we do at her first under K, I believe you do as well.

Aspire with Emma Grede
Why Financial Education is the Best Investment You Can Make (Tori Dunlap)

So there's something so cool about being able to say, okay, 4% match.

Aspire with Emma Grede
Why Financial Education is the Best Investment You Can Make (Tori Dunlap)

That means if you contribute 4% of your salary, your employer is going to match you at 4%.

Aspire with Emma Grede
Why Financial Education is the Best Investment You Can Make (Tori Dunlap)

So you just contributed 8%, but only did half the work that is free money.

Aspire with Emma Grede
Why Financial Education is the Best Investment You Can Make (Tori Dunlap)

There's nowhere that's free money anymore.

Aspire with Emma Grede
Why Financial Education is the Best Investment You Can Make (Tori Dunlap)

Like that's incredible.

Aspire with Emma Grede
Why Financial Education is the Best Investment You Can Make (Tori Dunlap)

So take your 401k, do everything you can to max it out if you can, but at least get up to that match because it's free money.

Aspire with Emma Grede
Why Financial Education is the Best Investment You Can Make (Tori Dunlap)

The second thing we want to think about doing is if you don't have a 401k or if you're investing or saving more than that 401k, invest in what's called a Roth IRA.

Aspire with Emma Grede
Why Financial Education is the Best Investment You Can Make (Tori Dunlap)

This is an individual retirement account that almost anybody can open.

Aspire with Emma Grede
Why Financial Education is the Best Investment You Can Make (Tori Dunlap)

And that way you can continue investing for things like retirement, which is the biggest expense of your life in a way that's going to be able to build that investment.

Aspire with Emma Grede
Why Financial Education is the Best Investment You Can Make (Tori Dunlap)

If you want even more flexibility, a brokerage account is going to be your friend because there's no restrictions.

Aspire with Emma Grede
Why Financial Education is the Best Investment You Can Make (Tori Dunlap)

There's no, well, you can only contribute this much or, you know, the...

Aspire with Emma Grede
Why Financial Education is the Best Investment You Can Make (Tori Dunlap)

tax reasons around it.

Aspire with Emma Grede
Why Financial Education is the Best Investment You Can Make (Tori Dunlap)

You can contribute millions of dollars if you have it hypothetically.

Aspire with Emma Grede
Why Financial Education is the Best Investment You Can Make (Tori Dunlap)

Like that is the most flexible option.

Aspire with Emma Grede
Why Financial Education is the Best Investment You Can Make (Tori Dunlap)

And that's kind of your order of operations in terms of where to go.

Aspire with Emma Grede
Why Financial Education is the Best Investment You Can Make (Tori Dunlap)

But the thing I do in all of my accounts is I buy the same investments every place I'm at.