Ep 23 Steps to Investing Wisely: Featuring Scott Trammell

“Better is a little with righteousness than great revenues with injustice”

Proverbs 16:8

In Episode 23 of the Real Life School Podcast, Scott Trammell and I dive into the basics of the Stock Market, and where most people place their money. Both of us discuss some things to look for in a stock that justifies our investing decisions. But lastly, in this episode we address the main concern that many people have: Where should I put my money if I had $500 to $1000.00 to invest. I teach groups of people each week, and THIS QUESTION ALWAYS COMES UP!

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“Christians should seek wise counsel in financial matters and make prayerful choices. We also say that financial decisions should be spiritual decisions.”

We talk about the benefits of investing in the stock market and some differences between a 401K and Individual Retirement Accounts (IRA'S).

We also discuss:

Potential for Growth: Stocks offer the potential for capital appreciation as the value of the company and its stock price increase over time.

Dividend Income: Some companies pay dividends to shareholders, providing regular income based on the number of shares owned.

Liquidity: Stocks are generally liquid investments, meaning they can be bought and sold relatively quickly compared to other asset classes.