Rebuilding Your Emergency Fund: The 136 Method Explained

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! ,

• 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

• 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: 

• The Ultimate Guide to the HSA (The Super Retirement Account!)

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