Navigating Personal Finance in Today's Market

#65: Host Chris Hutchins tackles questions about the current market, where to put cash, investing strategies, backdoor Roth IRAs, net worth tracking, financial planning and saving money on gas. Chris also shares some listener hacks to save money and the top deals he’s seen lately.

Full show notes at: https://allthehacks.com/listener-questions-4

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Resources Mentioned

Investing

• All the Hacks Newsletter: All About Investing Part 1 
• Wealthfront: $5,000 managed free
• Series I Savings Bonds
• BlockFi (CEO Zac Prince: @BlockFiZac)
• CME FedWatch Tool
• Dollar-cost averaging just means taking risk later
• Wash-Sale Rule Definition
• Just How Valuable Is Tax-Loss Harvesting?
• Backdoor Roth IRA Definition
• Mega Backdoor Roth 401(k) Conversion Explained

Financial Planning

• XY Planning Network
• Wealth Foundry: George Galat V, CFP

Tracking Your Finances

• Wealthfront: Net Worth Tracker + Free Financial Planning
• Mint: Budgeting App
• Kubera: Net Worth Tracker
• AssetDash: Track Crypto and NFTs
• Tiller: Import account data into spreadsheets

Saving Money on Gas

• Citi Premier® Card
• GasBuddy: Cheapest Gas Station Finder App

Listener Money Hacks

• Lowes Coupons Codes
• Cashback Monitor: Compare Cash Back Deals Across 100+ Sites
• Retailmenot: Earn Cash Back
• Lowes E-Gift Cards on Amazon

Latest Deals

• Free Grubhub+ with Amazon Prime
• Free Uber One with Disney+
• Free Cultivist membership for Capital One Cardholders (access 100+ museums)

Podcasts Mentioned

• All The Hacks
• #43 - Why 50/50 Doesn't Work: A New Model for Happier Relationships with Kaley and Nate Klemp
• #59 - Save Money, Build Wealth, and Just Keep Buying with Nick Maggiulli
• #64 - Inflation and All Things Money with Jacob Goldstein
• #42 - Beating Inflation, Alternative Assets, and Simplifying Your Finances with Ben Carlson
• #55 - Maximize Your Points: Stacking, Buyers Clubs, Redemption Hacks, and More with Julia Menez
• On the Brink
• #329 - Zac Prince (BlockFi) on Navigating Through the Storm
• Animal Spirits
• Macro Voices

Full Show Notes

(02:32) Current Markets: Money Needed in 3-5 Years

(03:27) US Government Series I Savings Bonds

(04:19) Crypto High-Yield Savings Accounts

(05:55) High Yield Savings Account

(06:47) Windfall Investing and Dollar-Cost Averaging

(10:15) Tax Loss Harvesting

(12:18) Direct Indexing

(17:45) Backdoor Roth IRA for High Earners

(19:31) Mega Backdoor Roth 401(k) Contributions

(22:08) Podcasts for Advanced Investors

(25:27) Comprehensive Financial Planning

(30:11) Streamlined Account Tracking

(33:19) Saving on Gas: Discounts, Cards, EVs

(36:53) Listener Money-Saving Hacks

(40:08) Premium Subscriptions and Perks

(41:03) Listener Success Story: Hotel Hack Wins

(41:38) Nominate All the Hacks for Awards

Connect with All the Hacks

All the Hacks: Newsletter | Website | Membership | Email

Chris Hutchins: Twitter | Instagram | Website | LinkedIn

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