Ep 32: Understanding the 3 Qualities of Money

The goal for your money is to help you reach retirement and utilizing it correctly will achieve that. Before making any financial decisions, it’s important to understand the three different qualities of money and which investments best align with your goals.
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The Game Plan

In order to build a balanced and diversified portfolio, you have to first understand what you can achieve with your money.

So financial literacy is the focus of today’s episode. Dale Tondryk will explain the three qualities of money, which include liquidity, safety and growth. By understanding what each quality can accomplish for your financial plan, then you have the knowledge to make proper investing decisions.

Along with that, we’ll discuss some of the most popular investments and tell you which qualities they possess.

Listen to the full episode or click on the timestamps below to skip around to specific topics.

The X’s & O’s

Check out the timestamps below to skip around to specific topics on the show.

[2:03] – Financial literacy is on the menu today

[2:53] – What are the 3 qualities of money?

[3:37] – Can you achieve all three in one investment?

[5:13] – Cash

[5:57] – Stocks, bonds, and mutual funds

[7:08] – Annuities

[8:34] – Real Estate

[10:05] – Diversifying your portfolio

 

“You just can’t have more than two qualities that represent one specific investment. I think people sometimes try to get them all, but it just doesn’t make sense.”

– Dale Tondryk

More To Explore

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Join us in this episode of The Retirement Playbook podcast as Dale dives into the essential financial matters you need to address throughout the calendar year. He provides valuable insights into maximizing retirement contributions, managing required minimum distributions (RMDs), and making strategic financial moves to optimize your retirement savings.

June 15, 2023

Financial Therapy

Financial discussions and retirement planning can come with many emotions. From counseling couples with differing financial views to providing support during challenging life events such as divorce or medical issues, financial professionals wear many hats, including the role of a therapist. In this episode, Dale discusses the impact of having a financial professional guide you through life’s most stressful moments.

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Ep 88: The Retirement Lifestyle

We’re taking a quick break from the Xs and Os of retirement finances today. Instead, we’re going to talk about some other important pieces of forming your retirement lifestyle. Join us as we discuss staying busy, the significance of social connections after you’ve stopped working, and maintaining your physical and mental health throughout retirement.

May 18, 2023

QUESTIONS FOR DALE?

MORE WAYS TO GET IN TOUCH

952-401-1671

dale@tondrykfinancial.com

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