How to Smartly handle a Lumpsum of Money.

How to Smartly Invest a Lump Sum of Money - Talking Money with Nozi.
In this episode of the 'Talking Money with Nozi' podcast, the host, Nozi, discusses how to best utilize a lump sum of money. The content begins with congratulating the audience on their financial gain and moves to emphasize that there's no one-size-fits-all strategy in personal finance. Nozi then guides listeners through a seven-step plan for managing their lump sum: assessing financial standing, starting or enhancing an emergency fund, paying off high-interest debt, contributing to retirement accounts, saving for children's education, investing according to personal goals, and seeking professional financial advice. The podcast concludes with Nozi inviting listeners to reach out with questions and where to follow for more financial advice.
00:00 Welcome to Talking Money with Nozi
00:21 Deciding Where to Invest Your Lump Sum
00:55 Step-by-Step Guide to Managing Your Lump Sum
01:34 Emergency Savings: Your Financial Safety Net
02:22 Tackling High Interest Debt
02:53 Investing in Your Future: Retirement and Education
03:49 Setting and Achieving Your Financial Goals
04:14 Seeking Professional Financial Advice
05:01 Wrapping Up: Making the Most of Your Lump Sum

[@maphulashamaphoto7684]

Love your knowledge on personal finance, thanks

[@gene5856]

Represent Keep educating ,Keep Investing

[@ZetBee02]

Really educational and impactful👏

[@katlegoratshidi5070]

very informative, thank you!

[@gontsejohn9830]

Hi Nozi, I'd like to ask this... dividends received from a Unit trust are taxed just like the dividends received from shares/stocks?

[@mirriamchuma3399]

Hey Nozi you mentioned Educational savings for kids.Is it wise to open a TFSA for your kids to use for education?I don't really trust or believe in Education trust as they're expensive and there's just a lot of Tax involved but I stand to be corrected.How best can one save smartly for kids Education?

[@TalkingMoneyWithNozi]

No TFSA must nit be used for education. Watch my video about it here czcams.com/video/uRxRz8pL15o/video.htmlsi=jK9uA6oH_M4w3f4f

[@mirriamchuma3399]

Thanks Nozi I get it if I ruined my TFSA I shouldn't ruin the child's TFSA.Whats the best way to save for education I have a 7month old baby?

[@athulethushy4373]

Hello Nozi. Where can one find independent financial advisors?

[@TalkingMoneyWithNozi]

Usually via word of mouth, or you can search on Google.