So Money with Farnoosh Torabi cover image

So Money with Farnoosh Torabi

1770: (Encore) Ask Farnoosh: Am I Investing *Too* Much? Home Equity Loans and Finding a CPA

Jan 3, 2025
Is investing too much a real concern? Dive into the balance between saving for the future and enjoying life now. Discover the benefits of home equity loans for purchasing a second home. Learn tips on locating a qualified CPA to help with your financial goals. Plus, hear about the unique financial challenges faced by late-in-life parents juggling college costs and retirement. This discussion is packed with strategies for managing finances effectively!
25:28

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Quick takeaways

  • Investing too much can stress personal finances, especially for new parents balancing children's education and retirement savings.
  • Finding a reliable accountant and securing a home equity loan can significantly enhance financial strategies for purchasing property.

Deep dives

Managing Financial Resolutions and Personal Goals

Paying off a car lease represents a significant personal financial milestone, echoing many people's desires for financial independence. The speaker reflects on the challenges of managing multiple library books—a relatable struggle for parents which highlights the importance of organization in daily life. Additionally, a shift in focus towards more economical vehicle options, like hybrids or electric vehicles (EVs), showcases a growing trend of consumers seeking sustainability alongside practicality. This illustrates how financial resolutions can align with broader ethical choices in society.

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