On this episode of CFO at Home, Vince’s guest is Dr. Danica Cicmil, a PhD in finance and financial educator, who helps beginners overcome fear of investing through basic education on subjects such as compound interest, and understanding inflation risk. Dani discusses starting your investing journey by taking a “money snapshot,” using personal goals (travel, buying a home, or building a trust fund for children) to motivate investing without extreme deprivation, and how knowing fundamentals helps consumers evaluate financial advisors. Dani also explains the basics of investing through the use of Exchange Traded Funds (ETFs), and discusses her financial coaching which focuses on beginners—especially women. Check out Dani work on YouTube and Instagram, links are in the show notes.
Key Topics:
00:06 Compound Interest and Inflation
01:37 Money Snapshot and 20% Rule
02:47 Emergency Fund Then Invest
04:21 Why Investing Matters
06:03 Too Late to Start?
09:27 Start Small and Automate
11:26 Balanced Money Mindset
13:51 50 30 20 Revisited
16:35 Job Security and Divorce
18:19 How Much to Know
23:39 ETFs Explained Simply
28:09 Bonds Costs and Inflation
29:31 Where to Follow Dani
Key Links:
https://www.danicacicmil.com
https://www.youtube.com/@dr.danicacicmil
https://www.instagram.com/dr.danicacicmil/
https://www.linkedin.com/in/danica-cicmil-b672882a6/
https://www.tiktok.com/@dr.danica.cicmil
Contact the Host - vince@thecfoathome.com
