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!
- What are some drawbacks of the SAVE Plan for high-income earners? (***note: we didn’t mention the federal judge pause to certain aspects of the SAVE Plan as that news broke after we recorded this episode!)
- Is tax loss harvesting and sector specific investing enough of a benefit to pay for a financial advisor?
- How can I tap my Roth 401k in order to pay off some credit card debt?
- Does it make sense to purchase a home if it means paying less than my rent?
Additional links:
- Student Loan Planner – Here’s out Student Loan Planner Review post. A perfect service for those with huge loan amounts. The bigger your loan, the more you’ll likely save from getting the right plan in place!
- Investing – We mentioned Episode 734 w/ Paul Merriman, who advocated for a simple, 2 fund approach. Another episode worth listening to is #794 with Brian Feroldi!
- Index Funds – If you’re a complete beginner, you might want to check out our full post on Investing for Beginners, as well as How to Invest in Index Funds.
- Balance Transfers – Here’s our guide on how using a balance transfer can save you a ton of interest and help pay off your debt faster. Just be aware, opening a new card might temporarily bring down your credit score a little.
- Money Gears – Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here
- Cheap cell plans – Massively reduce your cell phone bill each month by switching to a discount provider like US Mobile.
- Credit Card Tool – Looking for the right credit card for you? Then check out our new credit card tool that’ll help you to easily filter through all the cards based on your preferred airline, whether or not they have an annual fee, or simply by the cashback offer! Just toggle the sliders and you’ll know which card to consider.
During this episode we enjoyed a classic: Duchesse de Bourgogne by Brouwerij Verhaeghe! 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!
