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The Personal Finance Podcast
Should I invest my Cash and Take Out Student Loans?!- Money Q&A
Jul 29, 2024
Dive into the intriguing dilemma of investing cash versus taking out student loans. Discover travel hacking tips, especially the perks of the Southwest Airlines Companion Pass for free flights. Learn about strategic financial decisions for education and compare 403b Roth and 457b Roth accounts. Plus, explore the alarming rise of AI-driven fraud and how personal security measures are becoming essential. This conversation is full of valuable insights to help you navigate your financial journey!
35:58
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Quick takeaways
- Utilizing the Southwest Airline Companion Pass can substantially reduce travel costs for frequent travelers by leveraging credit card point bonuses.
- When weighing student loans or cash for tuition, low interest rates may favor loans while prioritizing scholarships reduces overall financial burden.
Deep dives
Understanding the Southwest Companion Pass
The Southwest Airline Companion Pass is a significant benefit for frequent travelers, allowing a designated companion to fly for free, only requiring the payment of taxes and fees. To qualify for the pass, one must earn 135,000 qualifying points, which can be accumulated through flying, credit card usage, or from Southwest Rapid Rewards partners. An easier path to earning points is through leveraging credit card bonuses, with current offers capable of bringing individuals close to the required points threshold. This allows for unlimited use of the pass within its validity period, providing substantial cost savings and travel flexibility, especially for those who travel frequently or with family.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode