Mastering Your Finances: Tips from Expert Romy Pickram
Episode Overview
Prioritize paying off high-interest debt to save money
Consider defensive sectors and real estate investment trusts for stable investments
Ensure emergency funds in high-yield savings, money markets, and CDs
Rebalance investment portfolio to prepare for a possible recession
Attend Romy Pickram's financial literacy class for recession preparedness
Ideally, if you have a variety of debt, it's best to prioritize paying the debt that's costing you the most money. So when you prioritize that debt that's costing you the most money, ultimately it ends up saving you money.
Feeling overwhelmed by the current economic climate? You're not alone. In this episode of 'Saving with Steve', host Steve Sexton sits down with Romy Pickram, a seasoned financial planner, to tackle the pressing financial issues many of us face today. From navigating the economic fallout of the pandemic to dealing with high inflation and rising interest rates, this episode is packed with practical advice to help you achieve financial stability.
Romy shares her wealth of experience, offering tips on everything from prioritizing debt payments to exploring stable investment options and building an emergency fund. Whether you're a first-generation wealth builder or just looking for ways to secure your financial future, Romy's insights are invaluable. This episode is a treasure trove of information for anyone aiming to manage their money more effectively in these uncertain times.