Building Financial Literacy and Managing Investments for Children

In this episode of the Personal Finance Podcast,  we are going to do a Money Q&A about  should I invest in REITS?

 Today we are going to answer these questions:

Question 1:  Should I buy Vanguard’s VNQ REIT for easy real estate investing instead of using Fundrise?

Question 2: Should I invest extra cash, pay off my boat and car loans, or tackle my 8% rental mortgages first?

Question 3: How do I save money for my kids if I don’t want a 529 and want them to use it for anything — not just college?

Question 4: Is tax loss harvesting worth it for regular index fund investors — or should I just keep dollar-cost averaging?

Question 5: Should I buy finance books now to learn more — or wait until my emergency fund and investments are set up?

Question 6: I opened brokerage accounts in my name for my kids — how do I transfer these to them later without selling everything?

How Andrew Can Help You:

• Listen to The Business Show here.
• Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goals" is your pathway to a future where your aspirations are not just wishes but realities. Enroll now and make this year count!
• Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here!
• Learn to invest by joining  Index Fund Pro! This is Andrew’s course teaching you how to invest! 
• Watch The Master Money Youtube Channel!
• Ask Andrew a question on Instagram or TikTok. 
• Learn how to get out of Debt by joining our Free Course 
• Leave Feedback or Episode Requests here. 
• Car buying Calculator here

Thanks to Our Amazing Sponsors for supporting The Personal Finance Podcast

• Shopify: Shopify makes it so easy to sell. Sign up for a one-dollar-per-month trial period at  shopify.com/pfp
• Thanks to Policy Genius for Sponsoring the show! Go to policygenius.com to get your free life insurance quote.
• Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at Indeed.com/personalfinance
• Go to https://joindeleteme.com/PFP20/ for 20% off!
• DELL: Get a new Dell AI PC starting at $749.99, at Dell.com/ai-pc. 
• This episode is sponsored by Plaud https://www.plaud.ai/ — an AI wearable gadget that takes notes of meetings and calls. With Plaud, you don’t have to take notes and make summaries anymore.
• Shop outdoor furniture, grills, lawn games, and WAY more for WAY less. Head to wayfair.com 
• Visit www.functionhealth.com/PERSONALFINANCE  or use gift code PERSONALFINANCE100 at sign-up to own your health. 
• Get 50% Off Monarch Money, the all-in-one financial tool at www.monarchmoney.com/PFP 

Links Mentioned in This Episode:

• ⁠⁠How to Invest In Real Estate Without the Headaches (Fundrise VS REITS!)⁠⁠

Connect With Andrew on Social Media:

• Instagram
• TikTok
• Twitter
• Master Money Website
• Master Money Youtube Channel

Free Guides:

• The Stairway to Wealth: The Order of Operations for your Money
• How to Negotiate Your Salary
• The 75 Day Money Challenge
• Get out Of Debt Fast
• Take the Money Personality Quiz
  

Learn more about your ad choices. Visit megaphone.fm/adchoices