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

Ep 80: Best Intentions, Bad Advice

You likely seek financial advice from lots of different sources. And some of those sources will certainly have good intentions, but they’ll often give bad

Ep 79: The Desire to Retire

People have different feelings when it comes to their desire to retire. We broke this concept down into five sections that we will explore today.

QUESTIONS FOR DALE?

MORE WAYS TO GET IN TOUCH

952-401-1671

dale@tondrykfinancial.com