Rich Habits Podcast Q&A: Investing During Times of War, Vanguard's Drawbacks, & Buying a House at 62
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Jul 3, 2025 The hosts dive into listener questions, unveiling a new Q&A segment that enhances financial literacy. They explore smart investment strategies, highlighting diversification with cryptocurrency and precious metals. Homeownership for various ages is dissected, offering financial insights for retirement planning. The importance of mastering ROI calculations is emphasized, along with practical strategies for saving and education. Young investors receive tips on using a 5% down mortgage and leveraging rental income for greater financial stability.
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Buy Modest Home At 62
- It's not too late to buy a home at 62 if you choose a modest one aligned with your current housing costs.
- Avoid a mortgage payment that exceeds your existing rent to protect your retirement savings.
Backdoor Roth and Diversify
- Maximize Roth IRA contributions with a backdoor conversion from a traditional IRA if you exceed income limits.
- Diversify investments into real estate, precious metals, and cryptocurrencies for balanced growth.
Use Fractional Shares to Automate
- Use platforms like public.com to invest in fractional shares and automate contributions across multiple ETFs.
- It's fine to hold accounts at multiple brokers to leverage their unique advantages.