Joel covered a lot this week, so here's a quick outline of what you need to know to get yourself on your way to financial happiness:
It was announced that the investing app Robinhood will soon allow 24-hour weekday stock trading. Even though this was inevitable and it will be inevitable that we'll soon be trading 24/7, it's actually good that people can't trade all the time. Those evenings and weekends give people time to take in and process information. So even though you will soon be able to trade at 2 in the morning, doesn't mean you should be trading at 2 in the morning.
Money Move of the Week: Check your beneficiaries! It sounds boring, but it's really important to make sure that the money you worked for is going to be inherited by the right people. Log in to the back end of your retirement accounts and make sure that your spouse or children or family members are the ones inheriting all that money. Otherwise, whoever is listed as your beneficiaries will be the one getting that money!
Finally, it's important to rest! It doesn't mean your lazy. It means your taking a break and letting yourself decompress. If you're not used to taking breaks and resting, you'll probably be pretty bad at actually resting, but practice it! You can take naps, go on small trips, or do something as simple as taking small walks after lunch. Just be sure to take time to decompress and relax once in a while. It will improve your mental health and actually make you more productive in the long run!
Don't forget to check out the 'How to Money' Newsletter and website!
Check out this week's show below!