Ask HTM: Putting Down Less than 20% on a Home, Swapping a Used Car for a Used Truck, and Investing Beyond a 401k – Episode 286

November 30, 2020

We’re kicking off the week by answering your questions! And if you have a question for us, we’d love for you to submit your own via , send us your voice memo!

  1. Is it OK to put down less than 20% on a home if we can avoid PMI?
  2. Where else should I invest if I’m already maxing out my 401k?
  3. Are there investment platforms that non-US citizens can use to invest in the stock market?
  4. Will my teacher’s pension be enough when I retire at 53?
  5. Should we swap out our Hyundai for a pickup truck?

Additional links from this episode:

During this episode we both enjoyed a Photon Sphere by Olde Hickory Brewing – thanks for donating this one to the show Christopher! And as we’ve ramped up the podcast with an additional Friday episode every week, we could really use your help to spread the word- let friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular, 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 in these difficult times!

Best friends out!

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One comment on “Ask HTM: Putting Down Less than 20% on a Home, Swapping a Used Car for a Used Truck, and Investing Beyond a 401k – Episode 286

  1. Sid Payne Dec 1, 2020

    You guys are killing me on the tire pressure “cheap or frugal” thing.

    Tires lose pressure all the time, especially when it gets cold. to really be frugal, you should be checking your tire pressure on a regular basis, maybe every couple of months. Waiting for the light to come is not sufficient.

    Running low pressure reduces your mileage and wears out your tires faster, both a huge waste of money compared to the cost of a compressor. Tires are not cheap! Also, the time you spend trying to find free air costs as well.

    Also, in regards to the slow leak, jeez, a slow leak is just a huge waste of time and money. Just take it to a decent tire shop and they will repair it, usually for free (if you bought them there) or for just $10 or $20.

    I understand not wanting to spend money but this is all “a penny wise, pound foolish”, if not dangerous to your families as well.

    Other than that, love the show and have recommended it to others.