Ask HTM: Cash Management Accounts, Paying $9500 to Ditch a Crappy Job, the Rule of 173 Explained – Episode 172

March 9, 2020

This week on the podcast we’re answering your questions! And if you have a question for us, we’d love for you to submit your own via

  1. What is a cash management account and should I have one?
  2. Should I pay $9500 to exit a work contract early?
  3. Aside from a 529 plan, how else can I invest on behalf of my young son?
  4. Rule of 173, single family vs multi-family properties, and is my money safe with a brokerage like M1 and Vanguard?
  5. Not a question- but a great house hacking tip for a steady pipeline of qualified tenants.

Additional Resources:

  • Cash management accounts could be a great way to simplify your life, but few (if any) are offering interest rates anywhere near what the high interest savings accounts are offering online.
  • Having enough money saved up can act as your ‘peace out money‘ if you’re in a crappy position at work.
  • SIPC insurance is what protects your investments from being stolen from brokerage accounts like Fidelity, Vanguard, and M1.
  • If you’re looking to get your house hack in front of medical students who might be in town on rotations, check AHEC for a local chapter where you can post your space.

During this episode we enjoyed a Hazelnut Mocha Latte stout by True Respite – a big thanks to our friends Waffles on Wednesday for donating this beer to the show. And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!

Best friends out!

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