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.

Apple PodcastsSpotifyGoogle PodcastsStitcheriHeartRadioTuneInAmazon MusicRSS

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 73: Getting it Right: Irreversible Financial Decisions

There are plenty of decisions that you’ll make in the retirement planning process that can’t be undone, so you want to make sure that you make the right call. In this episode, we’ll explain why these decisions are so important and can’t be undone.

Ep 72: Can’t Get No Satisfaction… Or Can You?

Want to know the secrets to experiencing satisfaction in retirement? We’ve discovered five key situations in which your financial plan needs to lead you. If you can key in on these five points, you’ll have a high chance to achieve retirement satisfaction.

Ep 71: Going Against the Grain to Achieve Your Retirement Goals

Being a good advisor isn’t about winning a popularity contest or just saying the same things that everyone else in the industry says. It’s about giving the best advice that you can for each individual situation. On today’s show, we’re going to peel back the curtain to discuss some areas where a good financial advisor’s opinions might go against the grain with mainstream ideas in the industry.

QUESTIONS FOR DALE?

MORE WAYS TO GET IN TOUCH

952-401-1671

dale@tondrykfinancial.com