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Q&A: Preparing for a Recession, Invest $37K or Pay Off the Car, & Active Portfolio Management

Rich Habits Podcast

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Strategic Financial Decisions

This chapter explores financial strategies regarding paying off debt versus investing, emphasizing the benefits of eliminating car loans for future investments. The speakers also discuss managing retirement funds and the implications of rolling over a 401k, highlighting the importance of consulting tax professionals. Key concepts such as the Rule of 72 and focused portfolio construction are examined, advocating for a disciplined and methodical approach to long-term investing.

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