Learning about money and financial literacy. An interview with Marcy Grossman
12/19/23 • 28 min
In this enlightening podcast episode, financial expert Marcy Grossman engages in a conversation on the pivotal role of money in our lives. The discussion spans from the importance of financial literacy to practical tips for managing personal and professional finances. Marcy shares insights on key concepts such as earning versus spending, saving versus investing, and the significance of understanding financial decisions in our daily lives.
Financial literacy, according to Marcy, involves comprehending the daily financial decisions that impact one's life. This understanding is crucial, extending from distinguishing between earning and spending to recognizing the disparities between saving and investing. The podcast underscores the significance of recognizing these distinctions to make informed decisions aligned with personal and professional goals.
The central lesson from this conversation is the necessity of financial literacy for personal and professional success. Marcy emphasizes the importance of starting with the basics, such as budgeting, and highlights the correlation between personal and business finances. The episode underscores that being financially literate is not a luxury but a must-have skill for navigating the complexities of life.
Key Takeaways:
- Financial literacy is about understanding daily financial decisions.
- Distinguishing between earning, spending, saving, and investing is crucial.
- Financial literacy is equally vital for personal and professional success.
- Starting small, setting goals, and seeking professional guidance are essential steps.
- The willingness to make changes and break through the fear of asking questions is key.
Resources:
- Marcy Grossman's book: *Money Marcy's Guide to Financial Literacy*
- Website: https://moneymarcy.com/
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In this enlightening podcast episode, financial expert Marcy Grossman engages in a conversation on the pivotal role of money in our lives. The discussion spans from the importance of financial literacy to practical tips for managing personal and professional finances. Marcy shares insights on key concepts such as earning versus spending, saving versus investing, and the significance of understanding financial decisions in our daily lives.
Financial literacy, according to Marcy, involves comprehending the daily financial decisions that impact one's life. This understanding is crucial, extending from distinguishing between earning and spending to recognizing the disparities between saving and investing. The podcast underscores the significance of recognizing these distinctions to make informed decisions aligned with personal and professional goals.
The central lesson from this conversation is the necessity of financial literacy for personal and professional success. Marcy emphasizes the importance of starting with the basics, such as budgeting, and highlights the correlation between personal and business finances. The episode underscores that being financially literate is not a luxury but a must-have skill for navigating the complexities of life.
Key Takeaways:
- Financial literacy is about understanding daily financial decisions.
- Distinguishing between earning, spending, saving, and investing is crucial.
- Financial literacy is equally vital for personal and professional success.
- Starting small, setting goals, and seeking professional guidance are essential steps.
- The willingness to make changes and break through the fear of asking questions is key.
Resources:
- Marcy Grossman's book: *Money Marcy's Guide to Financial Literacy*
- Website: https://moneymarcy.com/
Want to continue improving your professional English skills ? Join our Conversation Club for Professionals, where you'll practice work English, business English, and English for professional development with other professionals.
Contacts us now:
🌐 Text us: WhatsApp
✉️ Contact us: Website Contact Form
📧 Email: info [at] fluentenglishpro.com
Don't miss out on the opportunity to enhance your language proficiency and networking skills. Join the conversation today!
Instagram: @fluentenglish.pro
https://www.instagram.com/fluentenglish.pro/
TikTok https://www.tiktok.com/@fluentenglishpro
Facebook https://www.facebook.com/share/2YQdd1hmEHDp9yGV/?mibextid=LQQJ4d
Spotify https://open.spotify.com/show/4svKh6w8nUtdFwV9CzVG6h
Apple Podcast https://podcasts.apple.com/us/podcast/fluent-english-pro/id1706003460
Previous Episode
Three Important Negotiation Tactics in a Business Environment
In this episode, David and Paula explore the intricacies of negotiation in a business environment. They discuss three types of negotiations: integrative, distributive, and mixed motives. Integrative negotiations focus on creating a win-win scenario, where both parties benefit. Distributive negotiations involve a competitive approach, aiming to secure the most significant share of the "cake." Mixed motive negotiations, a blend of the previous two, require balancing different elements to achieve mutual benefits. The hosts illustrate these concepts with real-life examples, emphasizing the importance of negotiation in various aspects of life.
The conversation kicks off with an introduction to the Fluent English Pro podcast, positioning itself as the ultimate resource for professionals seeking English language improvement. The hosts, David and Paula, then delve into the heart of the episode by exploring the three key types of negotiation: integrative, distributive, and mixed motive. Integrative negotiations foster relationships where both parties win, distributive negotiations focus on getting as much as possible, and mixed motive negotiations involve a complex interplay of various elements. Real-world examples, such as negotiating a promotion or buying a car, illuminate these negotiation types.
Key Takeaways:
- Negotiations are inherent in various aspects of life, from professional endeavors to personal choices.
- Integrative, distributive, and mixed motive negotiations offer different strategies for achieving desired outcomes.
- Skilled negotiators adapt their approach based on specific circumstances to maximize success.
Resources:
Want to continue improving your professional English skills ? Join our Conversation Club for Professionals, where you'll practice work English, business English, and English for professional development with other professionals.
Contacts us now:
🌐 Text us: WhatsApp
✉️ Contact us: Website Contact Form
📧 Email: info [at] fluentenglishpro.com
Don't miss out on the opportunity to enhance your language proficiency and networking skills. Join the conversation today!
Instagram: @fluentenglish.pro
https://www.instagram.com/fluentenglish.pro/
TikTok https://www.tiktok.com/@fluentenglishpro
Facebook https://www.facebook.com/share/2YQdd1hmEHDp9yGV/?mibextid=LQQJ4d
Spotify https://open.spotify.com/show/4svKh6w8nUtdFwV9CzVG6h
Apple Podcast https://podcasts.apple.com/us/podcast/fluent-english-pro/id1706003460
Next Episode
Enhance Your Speaking Skills - Five Tips
In this episode, the hosts delve into the crucial skill of speaking in front of an audience, emphasizing its universal challenges. Paula, shares insights on overcoming anxiety and embracing the inevitable mistakes that come with public speaking. The discussion covers practical tips before and during a presentation, highlighting the importance of timing, removing excess information, and understanding the audience and setting. Additionally, they touch upon posture, vocal warm-ups, storytelling, eye contact, and body language as essential elements contributing to a successful presentation.
The hosts stress the significance of preparation, advising listeners to meticulously calculate time allocations and practice multiple times. They emphasize the need to check the timing of each section, ensuring a smooth flow. Furthermore, the episode underscores the importance of adapting to the audience's expertise, tailoring language and explanations accordingly. To enhance vocal delivery, suggestions such as slowing down, utilizing intonation, and incorporating short, relevant stories are explored. The hosts also discuss the physical aspects of presenting, from maintaining a confident posture to utilizing hand gestures and effectively using the available space.
Key Takeaways:
- Precise timing and content selection are pivotal for a successful presentation.
- Strike a balance between conscious posture and a relaxed appearance for effective communication.
- Mastering vocal elements like pacing and intonation enhances audience engagement.
- Incorporate storytelling and eye contact to establish a deeper connection with the audience.
Resources:
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