Afford Anything

Ask Paula | 10-Year-Old Asks: How Do I Save for My First Car?

Aug 30, 2023
In this podcast, the hosts answer questions from a 10-year-old about saving for a first car, debate the best investment strategy for a young investor, explore different approaches to investing and the importance of industry knowledge, and discuss retiring on dividends vs the 4% rule. They also provide advice on whether to convert a traditional IRA to a Roth account while having student loans.
Ask episode
Chapters
Transcript
Episode notes
1
Introduction
00:00 • 2min
2
Investing for a First Car
01:45 • 20min
3
Different Approaches to Investing and the Importance of Learning About Industries
22:02 • 2min
4
Debating the Best Investment Strategy for a 10-Year-Old
24:20 • 2min
5
Saving for a First Car and Sponsor Talk
26:47 • 5min
6
Retiring on Dividends vs the 4% Rule
31:19 • 12min
7
The Role of Dividends and Asset Allocation in a Portfolio
43:18 • 5min
8
Should Erica Convert to a Roth IRA?
48:25 • 22min