On this episode of CFO at Home, our series on your 2024 money goals rolls on, this time focusing on investing. Vince’s guest today is Shari Rash, founder and Financial Advisor with Greenway Wealth Advisory and the host of the Money Chic podcast. Shari and Vince discuss the importance of having defined investment goals, the difference between a budget and a spending strategy, how to allocate your income effectively between needs, wants, and savings, the basics of investment vehicles such as IRAs, 401(k)s and 529 plans, and more. You can find out more about Shari by going to greenwaywealthadvisory.com or checking out her podcast Money Chic on your favorite podcast app.
(00:00) Announcing CFO at Home's new financial coaching and education services
(05:00) Shari's insights on defining investment goals and the need for a spending strategy
(10:30) The 50/30/20 rule for allocating income and the difference between a budget and a spending strategy
(21:25) Understanding 401(k)s, IRAs, and the benefits of Roth options
(30:51) Navigating the nuances of 529 plans for college savings
Resources:
- Greenway Wealth Advisory - greenwaywealthadvisory.com
- Money Chic Podcast - Financial education on various topics
- Instagram - @millennialmoneyadvisor
Contact the Host: vince@thecfoathome.com
Please note that this content is for informational purposes only and not intended as financial or investment advice. Consult a professional for guidance tailored to your situation.
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