We’re kicking off the week by answering listener questions! And if you have a question that you’d like for us to answer on the show, we’d love for you to submit your own via HowToMoney.com/ask/ , send us your voice memo. Regardless of how random or bizarre you might think it is, we want to hear it!

  1. Should I save my money in a regular savings account or invest that money in the market if I want to buy an investment property?
  2. What should I do with a bunch of Tesla stock that I’m planning to use as a down payment for our home?
  3. Does it make sense for me to own my duplex under a new LLC that I could create?
  4. Is it a better idea for my employer to match a Roth or Traditional 401k?
  5. As I’d like to coach and teach others about money, where can I go to volunteer my financial knowledge?
  • Investing your money for the purchase of a house is a tricky proposition- you want to see it grow but you also don’t want to risk seeing it decline right before you need it for a down payment. But if you’re looking at a time frame of at least 2 years then we’d recommend a conservative target date fund that has already reached it’s date, like Vanguard’s 2020 fund. Also check out this specific ETF that was created for saving up a down payment,
  • Extra cash – And regardless of where you are on the path to financial independence, we believe in the responsible use of credit cards. It’s smart to utilize the additional benefits that credit cards offer- for instance the 60,000 points that come with the Chase Sapphire Preferred Card. That’s $750 when you redeem through Chase Ultimate Rewards! This is no joke- I’ve already done this myself which we discussed on a recent episode after I met the initial spending requirements of $4,000 over 3 months!

During this episode we enjoyed a Three Philosophers by Brewery Ommegang- a big thanks to our friend David for donating this one to the podcast! 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!

* Advertiser Disclosure: How to Money has partnered with CardRatings for our coverage of credit card products. How to Money and CardRatings may receive a commission from card issuers.
* User Generated Content Disclosure: Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

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