Hello again friends! Apologies for the fewer posts in the past few weeks, but I was working on a TDT expansion project! Recently, I passed the Series 65 test, which licenses me to become an Investment Advisor and manage individual portfolios.

As you would probably hope, the test that allows you to manage other people’s money is pretty stringent. So almost all of my spare time in the past few weeks has been spent here:

How to Pass Series 65
The War Zone

Now that I’m licensed, I’m in the process of setting up my investment management services. If you might be interested in investment management, shoot me an email.

As my first post-licensed activity, I had the pleasure of hosting a lunch and learn at WeWork Dupont. Thank you again to everyone who came out!

WeWork Dupont

Since there were so many great questions brought up in the session, I thought I’d do a short recap of some of the topics we covered. Plus, I wanted to share the links to items I talked about for everyone who came by today. Without further ado…

I have some cash needs coming up. How do you suggest I start saving?

It’s surprising how much little purchases can add up over time. Cutting back on something as simple as eating lunch out can add up to thousands of dollars in a year.

To make things more interesting, I’ve been hosting monthly challenges to cut out one item a month. Check out the January, February, and March challenges for some savings ideas!

Where’s an easy but effective place to store my money (i.e. savings, investments)?

I use the Synchrony Optimizer high yield savings account for my emergency fund. It pays me 1% interest with zero risk, and I can withdraw my money at any time. I have an automatic transfer set up to deduct money every month from my checking account into the fund. That way I’m saving without even having to think about it.

If you’re looking to get started investing without too much effort, you could consider buying an S&P 500 index fund, like SPY. It’s an easy way to get into the stock market, and it’s already diversified for you (diversification = betting on more than one horse = risk reduction).

Any tips on budgeting tools?

I prefer a good old fashioned spreadsheet. Download my free budget tracker here, which allows you to compare your types of spending by month, and see how much you’re spending out of your total paycheck.

Have another burning question or need a link to anything we discussed? Let me know in the comments!

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5 Comments on It’s Official

  1. Jess
    March 17, 2015 at 7:18 pm (2 years ago)

    Congratulations! That is really exciting!

    Reply
    • The Day Tradette
      March 17, 2015 at 10:30 pm (2 years ago)

      Thanks so much Jess!

      Reply
  2. Lauren Frank
    March 17, 2015 at 8:53 pm (2 years ago)

    Congratulations Rachel!! Fantastic! Great post (and very helpful too).

    Reply
    • The Day Tradette
      March 17, 2015 at 10:30 pm (2 years ago)

      Thanks Lauren!! Glad you enjoyed it

      Reply
  3. Becca Goldberg
    March 18, 2015 at 10:09 am (2 years ago)

    Yay!!!! Congratulations!!!! I need to transfer Lucy’s account to you…next week I am wide open and will work on it then. I’m so excited for you! xo, Becca

    Reply

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