How to Invest for Beginners: She Almost Lost It All Starting Over | Cost of Impact Podcast

How do you start investing when you don't have much money? In this investing-for-beginners conversation, Kim Gilgeours shares what Wall Street taught her about money-and what financial hardship taught her that Wall Street couldn't. Racheal and Kim explore investing for beginners, financial literacy, retirement, relationships and money, raising financially aware children, entrepreneurship, sacrifice, and why learning how money works shouldn't be reserved for people who already have it. In this episode you'll learn about: • How to begin thinking about investing when you're not wealthy • Why financial literacy matters before you start building assets • Kim's journey from debt to Wall Street • The difference between economics and personal finance • Credit-card and student-loan debt • Pensions, CDs and retirement planning • 401(k)s and retirement savings • Traditional IRAs, Roth IRAs and brokerage accounts • Inflation and the future cost of retirement • 529 college savings plans • Money and marriage • Joint vs. individual finances • Teaching children about money • Entrepreneurship and financial sacrifice • Why relationships matter in financial services • Why starting earlier matters Cost of Impact explores the unseen decisions, sacrifices and lessons behind people creating meaningful change. Every impact has a cost. Would you pay it? Chapters 00:00 The Cost of Not Understanding Money 04:40 Growing Up Without a Financial Blueprint 09:15 My Mom Said: Learn How Money Works 10:08 Why College Didn't Teach Her Personal Finance 11:22 Graduating With Credit Card & Student Loan Debt 11:47 Going to Wall Street to Learn About Money 18:55 Finding a Financial Mentor 24:18 What Felt Wrong About Wall Street 26:30 Learning How to Invest 27:23 Pensions, CDs & Retirement Money 31:00 The Financial Lesson That Changed Everything 34:19 Motherhood Changes the Equation 35:35 “My Family Is Being Left Behind” 36:45 Betting on Herself 40:27 The Real Financial Cost of Entrepreneurship 42:10 S