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What are people the most curious or confused about?
What are they reaching out to financial influencers to find out about?
And how do financial influencers answer their queries or point them in the right direction?
GOBankingRates spoke with Jeff Sekinger, a financial innovator and entrepreneur, and the CEO and founder ofNurp LLC.
Sekinger courts a following of1.1 million on Instagram.
These are thesix most common money questions hes asked along with how he answers them.
How Might a Trump Presidency Impact the Economy?
Sekinger is constantly spammed with burning questions about money.
A common one recently revolves around Trump.
Specifically, if Trump is re-elected, how would his presidency impact the economy?
More specifically, whichmarkets, sectors and companiescould benefit?
A Trump presidency could have significant implications for the economy and markets, Sekinger said.
Others are more cautious, citing concerns about Trumps trade policies and potential geopolitical instability.
On the other hand, companies in sectors like healthcare and technology might face headwinds, Sekinger said.
What Do I Need To Know To Be A Successful Young Investor?
Everyone on the path to financial freedom needs to be investing.
Investing can be complex, and naturally, people have questions.
Commonly Sekinger is asked what it’s crucial that you know to become asuccessful young investor.
As a young investor, time is on your side, Sekinger said.
Consider contributing to a Roth IRA or your employers 401(k) plan.
Also, educate yourself about investing and avoid getting caught up in get-rich-quick schemes.
How Can I Build Wealth While Managing Student Loan Debt?
Millions of Americans are saddled withstudent loan debt.
Some turn to Sekinger for advice on building wealth while managing this financial burden.
Consider contributing to a retirement account, even if its just a little each month.
Is Life Insurance Necessary?
Theres some thick confusion around the issue of life insurance.
People are asking, Is it really necessary?
Sekinger argues that it depends on your circumstances.
Whats The Best Way to Think About Risk?
Risk is an inherent and unavoidable aspect of investing.
People are wondering: How can you best think about risk?
The best way to view risk is the possibility of permanent loss of capital, Sekinger said.
As Warren Buffet has said, Price is what you pay.
Value is what you get.
By focusing on value, investors can reduce their risk of losses.
How Can I Educate Myself About Investing?
Sekinger is often asked how to educate oneself about investing.
This practice is the best way to answer your money questions.
I spend a lot of time reading and learning about businesses and investing, Sekinger said.
A useful tool for equities investors is reading annual reports, books about business and investing and financial news.
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