Let’s dive into the week with some fresh listener questions we have lined up for you! And don’t just stand on the sidelines- if you have a question you’d like us to answer, toss your voice memo our way. It only takes about 90 seconds to record and you can find a step by step guide over at HowToMoney.com/ask . Regardless of how random or bizarre you might think it is, we want to hear it!
- Is a stocks only portfolio diversified enough for financial independence or do I need to include real estate?
- What’s the best way to get rid of an RV that I’m upside down on?
- Where should I park cash that I’m saving up for a down payment, or should I invest those funds?
- For my credit score: is credit utilization calculated on each individual card or the total credit available across all of my cards?
Additional links:
- Missing Money – Here’s our post on finding and claiming “missing money”. You can also find all of the individual State databases here. Don’t forget to check within each US state you have ever lived!
- Credit Scores – Here’s a few articles to check out regarding credit scores and how they are made up:
- Down Payments – Saving for a downpayment can take a long while. So we always recommend keeping your savings in a High Yield Savings Account so it grows the most interest in the years you are saving.
- Money gears – Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.
- Community – Join a thriving community of fellow money in the HTM Facebook group.
- Cheap cell phones! – If you’re spending more than $30 a month for your cell phone bill, check out US Mobile, the cheapest carrier around!
During this episode we enjoyed an Ash by Humble Forager! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!
Best friends out!
