Listen to this podcast episode for insights on whether to sell your car at a loss, investing in tax liens/deeds, managing finances overseas, and investing with non-taxed dollars. Discover strategies for business growth, tips on travel hacking, and a simple investment portfolio strategy focusing on the US economy.
45:51
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Quick takeaways
Ensure sufficient life insurance coverage beyond work policies with Policy Genius.
Consider tax liens and deeds as alternative real estate investment strategies with Fundrise.
Optimize investing with non-taxed dollars through Roth IRAs and global transfer options for veterans.
Deep dives
Optimizing Life Insurance Purchases with Policy Genius
Policy Genius offers term life insurance policies starting at $292 per year for $1 million coverage. Their simple process includes online options that don't require medical exams and access to award-winning agents. They emphasize the importance of ensuring sufficient life insurance coverage beyond work policies that may not follow you. Policy Genius provides unbiased guidance for peace of mind in selecting the right life insurance.
Fundrise's Real Estate Investment Strategy Amid Market Changes
Fundrise's flagship fund plans to expand its billion-dollar real estate portfolio with dropping demand and falling prices in various assets. Investing in tax liens and deeds is explored as an alternative strategy for real estate investment. Understanding the risks and benefits of tax liens and the competitive nature of auctions is crucial for success.
Navigating Investments with Non-Taxed Dollars for Veterans
Veterans using GI benefits and non-taxed income can explore investment options like Roth IRAs, which offer tax-free growth and withdrawals. Utilizing Health Savings Accounts for investments and reimbursing medical expenses tax-free could boost retirement savings. Considering brokerage accounts with global transfer options can aid in investing with non-taxed dollars.
Financial Planning for Non-Residents Living in the US
Non-resident aliens in the US face banking challenges, but selecting banks known for international services and securing secured credit cards can help build credit history. Investment accounts like Fidelity, Charles Schwab, and TD Ameritrade offer diverse options for non-resident investors. Understanding tax implications and simplifying investments with a focus on the US market can optimize financial growth.
Building a Diversified Portfolio with a US Market Focus
Creating a portfolio centered on the US economy by prioritizing S&P 500 or total stock market funds can streamline investment strategies while ensuring broad market exposure. Emphasizing simplicity and automation in investment decisions can help in building wealth effectively. Understanding risk tolerance and automating financial processes are key elements in successful wealth management strategies.
In this episode of the Personal Finance Podcast, we're going to do a Money Q&A about should I sell my car at a loss.
Today we are going to answer these questions:
Question 1: Should I Sell My Car at a Loss?
Question 2: Should I Invest in Tax Liens/Deeds?
Question 3: How to Invest your non-taxed dollars!
Question 4: How to manage your finances overseas!
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