Sound Investing
by Paul Merriman
Latest Business Ideas
Financial Literacy Subscription Box
The episode emphasizes the need for financial education and understanding key investment principles. A Financial Literacy Subscription Box could be created, delivering monthly curated materials focused on different aspects of personal finance and investing. Each box could include books, worksheets, and access to online courses, along with tools to help users build and manage their portfolios. This business could target families, young adults, and individuals looking to improve their financial literacy. The subscription model ensures consistent revenue, and partnerships with financial educators and authors can enhance the content quality.
From: 4 Portfolio Levels for Wealth Building
DIY Investment Education Platform
The podcast discusses the importance of financial literacy and the need for individuals to have a solid understanding of investing principles to make informed decisions. A DIY Investment Education Platform can be created to provide comprehensive resources like courses, articles, and webinars that teach users about investing, portfolio management, and financial planning. The platform could leverage gamification to engage users in learning about investments, including the psychological aspects of money. Target audiences include young investors, parents looking to educate their children about finance, and individuals who prefer a self-directed approach to investing. The platform can implement a subscription model or one-time course fees, and it could also include a community forum for peer support.
From: 4 Portfolio Levels for Wealth Building
Automated Investment Tracker App
The discussion highlights the shift towards automated investment solutions and robo-advisors, suggesting a demand for tools that make investing easier for individuals. An Automated Investment Tracker App can be developed that links to users' financial accounts, providing real-time monitoring of portfolios and offering insights based on market changes. This app can help users understand their investment growth, suggest reallocations, and provide personalized recommendations for maintaining a balanced portfolio. The target audience includes busy professionals, novice investors, and anyone interested in tracking their investments with minimal effort. The app can utilize a freemium model, offering basic functionality for free and charging for advanced features.
From: 4 Portfolio Levels for Wealth Building
Aggregated Psychic Forecast Platform
This idea revolves around building a digital marketplace that brings together financial and market prognosticators—ranging from traditional analysts to more unconventional psychic experts—in one unified platform. The platform would allow users to access on-demand market predictions through voice, chat, or video consultations. By offering a pay-per-minute model (such as the quoted 60 cents a minute), the service aims to provide cost-effective, real-time insights for investors who are tired of expensive advisory fees and are intrigued by alternative forecasting methods. The key to success would be in curating a trusted roster of experts, integrating secure payment processing, and ensuring transparency through user reviews and ratings. This approach addresses the growing demand for accessible financial guidance in an increasingly digital advisory landscape. Implementation could involve developing a web or mobile application that leverages existing communication APIs for chat and video, alongside a robust profile and scheduling system for experts. Marketing strategies might include affiliate partnerships, social media campaigns, and targeted digital advertising to attract both experts and investors. The service directly solves the problem of inaccessible, high-cost expert advice by providing a low-cost alternative, and is ideal for individual investors and hobbyist traders exploring novel ways to gain financial insights.
From: 10 Myths, Lies & Mistakes That Cost Investors Millions (with Don McDonald & Tom Cock)
Get Business Ideas from Sound Investing
Join our community to receive curated business opportunities from this and hundreds of other podcasts.