Episode transcript: click here
About this episode:
In today’s episode of The Australian Finance Podcast, Kate & Owen explore five reasons when you might not be ready to invest just yet, and what you should be doing with your cash instead.
Over at Rask Education, we talk about investing a lot. Between our free podcasts, courses and articles, we’ve got it covered. However, the one thing we don’t discuss that often is when you shouldn’t invest. And we think that’s a pretty important discussion to have.
Thinking about some of these reasons is a great way to give yourself a reality check because investing involves risk, and that’s not always easy to bear. But the more educated and prepared you are before diving in, the more you’ll be able to deal with the curveballs that the market pitches your way.
If you want to thank us for putting this show together, please give The Australian Finance Podcast a 5* review on Apple Podcasts – it’s a 5 second task which really helps support the show (and puts a big smile on our faces).
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Resources:
Remember, free financial counselling is a fantastic service available to those who need it, simply by calling the National Debt Helpline on 1800 007 007.
- Money & Budgeting: The Complete Guide (free course)
- Ep 98. When & where to get financial advice (key questions to ask)
- Ep. 73. The Role of a Financial Counsellor
- Setting your financial goals for 2021
- Have a read of our investment philosophy to learn about our approach to investing
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