
Fastest Way to $1 Million, Roth Rules, and If You Should Rent Forever (Money Q&A)
The Personal Finance Podcast
Intro
This chapter explores listener-submitted questions regarding personal finance strategies, covering topics such as emergency funds and investment options. The speakers provide practical advice on managing cash flow and retirement accounts, enhancing listeners' financial knowledge.
In this episode of the Personal Finance Podcast Money Q&A, we are going to talk about the fastest Way to 1 million Roth Rules, and should you rent forever.
Watch this episode on Youtube
Today we are going to answer these questions!
-
Question 1: How do I build back my emergency fund after using it, and where should I move money from to do this?
-
Question 2: Is it wise to invest my HSA funds?
-
Question 3: I’ve come across an extra $500/month. Should I put it toward credit card debt or savings?
-
Question 4: Should I roll my rollover IRA back into my new 401(k) plan now that I’ve started a new job?
-
Question 5: How do I become a millionaire in a rapid-fire way?
-
Question 6: As a 28-year-old in a high cost of living area, would I be better off renting forever and investing the difference instead of owning?
-
Question 7: If I make over $150K/year, should I stop investing in Roth accounts for my IRA and 401(k)?
-
Question 8: Should I still move my money from my Roth 401(k) to a Roth IRA, or are they essentially the same thing?
-
Question 9: My mortgage rate is 6.625%. You always say over 6% is high-interest debt—should I pay it off early?
-
Question 10: Have you heard of the AIQ ETF? What are your thoughts on it?
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! ,
-
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
-
Chime: Start your credit journey with Chime. Sign-up takes only two minutes and doesn’t affect your credit score. Get started at chime.com/
-
Thanks to Fundrise for Sponsoring the show! Invest in real estate going to fundrise.com/pfp
-
Thanks to Policy Genius for Sponsoring the show! Go to policygenius.com to get your free life insurance quote.
-
Go to https://joindeleteme.com/PFP20/ for 20% off!
-
Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at Indeed.com/personalfinance
-
Turn your business dream into reality! Apply now at www.oneday.org/pfp
-
Go to Acorns.com/pfp and start automating your investments and get a $5 bonus today!
-
Shop Data Plans and Save Big at mintmobile.com/pfp
Links Mentioned in This Episode:
Connect With Andrew on Social Media:
Free Guides:
Learn more about your ad choices. Visit megaphone.fm/adchoices