The Personal Finance Podcast Can You Achieve FIRE with Only Stocks? (Money Q&A)
Jun 24, 2025
Explore if financial independence can be achieved solely through stocks. Listen to insights on retirement options for contract workers and life insurance advice. Learn how to manage student loans effectively and make savvy decisions about selling rental properties. Discover strategies for young earners and tips for discussing finances with your partner. The hosts also delve into networking for career success and emphasize budgeting for realizing your financial goals.
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Retirement Options for Contractors
- Contract workers without retirement deductions should open an IRA or Roth IRA to save for retirement.
- If self-employed with an LLC, set up a solo 401k to maximize contributions as both employer and employee.
Choose Term Life Insurance
- Avoid IULs and whole life insurance due to high fees; choose term life insurance instead.
- Get coverage for 8 to 12 times your income and revisit as life circumstances change.
Get Leadership Without Internships
- Network extensively by attending industry events, conferences, and volunteering to build connections.
- Tailor your resume to highlight leadership skills and problem-solving even without internship experience.
