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5 Personal Finance Tips for 2024

Apr 6, 2024

Join finance experts Ian Dunlap, Troy Millings, and Rashad Bilal as they discuss personal finance tips for 2024. They cover topics like saving 40-50% of income, investing 25%, exploring different indexes like Vug and VGT, investing in businesses outside publicly traded markets, and the value of financial education with book recommendations.

07:09

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Episode guests

Ian Dunlap

Troy Millings

Rashad Bilal

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Quick takeaways

Save 40-50% of income and invest 25% for financial stability.

Diversify investments in indexes like VUG and VGT for growth.

Deep dives

The Durban Marshall Credit Card Bill and Finance Tips for 2024

Congress is considering the Durban Marshall Credit Card Bill, which threatens to eliminate credit card rewards. The bill proposes credit card routing mandates that could impact consumers' ability to earn cash back and travel points. To protect credit card rewards, individuals are encouraged to voice opposition to this legislation. Additionally, five finance tips for 2024 are shared, emphasizing the importance of not overspending, saving a significant portion of income, investing wisely, focusing on personal development, and exploring opportunities outside traditional markets.

Recognition and Early Prediction in Cryptocurrency

00:50

Personal Finance Tips & Credit Card Rewards Threat

3min

Exploring Various Indexes, International Investments, and Investment Tips

5min

Join Ian Dunlap, Troy Millings, and Rashad Bilal as they share essential personal finance tips for 2024. In this clip, they discuss the importance of saving, investing, and budgeting in uncertain times. Ian emphasizes the significance of not loaning out money and suggests saving 40-50% of your income. He also highlights the need to invest at least 25% of your income and allocate capital to self-improvement. Additionally, he advises on investing in businesses outside the publicly traded markets for long-term growth.

Troy addresses the question of exploring different indexes beyond total market and S&P 500, providing insights into Vug and VGT for higher growth international investments. The team also emphasizes the value of education and recommends impactful books to enhance knowledge in trading psychology, mindset, and historical context of finance.

Join the discussion to gain valuable insights into navigating personal finances in the ever-evolving economic landscape. Don't miss out on these practical tips that can potentially shape your financial success in 2024 and beyond.

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