How to Money Ask HTM - Spending Cash Windfalls, Retirement Investing vs College Savings, & So You Think You Can Landlord?! #1024
8 snips
Aug 18, 2025 Listeners dive into various money topics, like whether to become a landlord with an extra property or invest for college amidst market ups and downs. A discussion unfolds on how to wisely use a six-figure inheritance, while practical travel tips emerge for a high school trip in Europe. The conversation also covers navigating kids' mobile tech use affordably and safely, plus insights on early financial education for children. This episode mixes humor with serious advice, creating an engaging financial journey.
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Factor Maintenance Into Rental Profits
- Calculate realistic rental cash flow and reserve for large repairs so monthly profit isn't illusory.
- Treat rentals as long-term investments and expect years with negative cash flow when major systems fail.
Match 529 Risk To Time Horizon
- De-risk college savings for near-term needs: use cash or conservative options for juniors and modest risk for younger kids.
- Favor state tax deductions only if they materially change the math.
Prioritize Retirement Before College Savings
- Prioritize your retirement accounts over aggressive 529 contributions if retirement savings lag.
- Consider letting kids take on more college cost and help later if needed to preserve retirement security.
