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 67: Are You A Risk Taker? How To See If Your Tolerance for Risk Matches Your Plan

Do you like to take risks? Or would you rather play it safe and steady? When it comes to the market risk can come with great reward, but it can also be damaging if our risk tolerance is out of balance with our plan. Most people don’t realize how much risk they are taking on and have a much lower tolerance than their portfolio reflects. 

Ep 66: Picking Sides in Important Financial Debates

Financial debates have existed for a long time and when we’re planning we may encounter quite a few. While there are various opinions out there, not everyone’s solution will fit your needs. Each situation is going to depend on your plan and goals.

Ep 65: Are These Retirement Statistics Encouraging or Disturbing?

We’ve gathered some updated retirement statistics from across the country. It’s time to find out if these are encouraging or disturbing findings if they’re reflective of the average client, and what you can do to improve your own retirement preparedness based on this information.

QUESTIONS FOR DALE?

MORE WAYS TO GET IN TOUCH

952-401-1671

dale@tondrykfinancial.com