Ask HTM - Parlaying Real Estate Equity into Stocks, FIRE Recommendations, & Unloading a Car with a Loan #943
Feb 10, 2025
This week, intriguing listener questions spark discussions on whether to sell rental properties for stock investments. The hosts explore top recommendations for FIRE enthusiasts looking for early retirement resources. They tackle the complexities of financing pet healthcare and weigh the pros and cons of crowdfunding real estate investments. Additionally, practical tips emerge on managing car loans while selling and insights into the psychological factors influencing financial decisions. Get ready for humor, advice, and engaging stories!
46:23
forum Ask episode
web_stories AI Snips
view_agenda Chapters
menu_book Books
auto_awesome Transcript
info_circle Episode notes
volunteer_activism ADVICE
Tax Implications of Selling Rental Property
Consider taxes before selling a rental property.
Meet the two-and-five rule to avoid capital gains taxes if you lived there first.
insights INSIGHT
Leverage and Low Mortgage Rates
Leverage in real estate amplifies gains and losses.
Alexis's low mortgage rate protects against inflation.
volunteer_activism ADVICE
Research FIRE Thoroughly
Explore different perspectives on FIRE before committing.
Read books about both the positive and negative experiences.
Get the Snipd Podcast app to discover more snips from this episode
This book offers a holistic approach to personal finance, encouraging readers to view money as a form of 'life energy' and to align their spending with their values. It provides nine steps to help readers stop living paycheck to paycheck, get out of debt, and achieve financial independence. Key concepts include calculating net worth, evaluating the life energy spent on work, and investing wisely. The authors emphasize the importance of finding one's 'point of enough' and living a more deliberate, meaningful life[1][3][5].
Quit Like a Millionaire
Christy Shan
Bryce Long
The Psychology of Money
Timeless Lessons on Wealth, Greed, and Happiness
Morgan Housel
In 'The Psychology of Money,' Morgan Housel delves into the psychological and emotional aspects of financial decisions. The book consists of 19 short stories that illustrate how personal history, worldview, emotions, and biases influence financial outcomes. Housel emphasizes the importance of behavior over knowledge in managing money, highlighting the power of compounding, the dangers of greed, and the pursuit of happiness beyond mere wealth accumulation. He advocates for a frugal lifestyle, long-term perspective, and a balanced approach to investing, stressing that financial success is more about mindset and discipline than about technical financial knowledge[2][3][4].
The Simple Path to Wealth
JL Collins
Pete Adeney
JL Collins
In 'The Simple Path to Wealth,' JL Collins provides a clear and accessible roadmap to financial independence. The book, written in a conversational style, emphasizes the importance of living below your means, avoiding debt, and investing in broad-based index funds, such as Vanguard's Total Stock Market Index Fund. Collins discusses key financial principles like the 'F-You Money' concept, the 4% rule, and the dangers of engaging investment advisors. He shares his personal journey and investment mistakes, making the book relatable and inspiring. Although the book is heavily focused on the U.S. market, its underlying principles are applicable to a wide range of investors.
Let’s dive into the week with some fresh listener questions we have lined up for you! And don't just stand on the sidelines- if you have a question you’d like us to answer, toss your voice memo our way. It only takes about 90 seconds to record and you can find a step by step guide over at HowToMoney.com/ask . Regardless of how random or bizarre you might think it is, we want to hear it!
1 - Should I sell a rental property in order to make higher returns in the stock market?
2 - What FIRE books would you recommend as I’m interested in early retirement?
3 - How would you recommend paying for an expensive medical procedure for my dog?
4 - Do you recommend investing via crowdfunding platform Arrived?
5 - Does it make sense to pay off our car loan before attempting to sell it?
Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:
Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.
Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
Find the best credit card for you with our new credit card tool!
Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.
During this episode we enjoyed a Bourbon Barrel Drafty Kilt by Monday Night Brewing! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!
How to Money 
