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The Personal Finance Podcast
Should I Pay Off Debt or Keep The Money Invested? - Money Q&A
Sep 30, 2024
This discussion tackles the tricky choice between paying off debt and keeping your money invested. A listener grapples with student loans and credit card challenges, receiving tailored advice for tackling high-interest debt. Discover the ins and outs of utilizing a backdoor Roth IRA, and learn about strategic approaches to preparing for early retirement. The conversation also emphasizes financial protection and the significance of managing risks, ensuring listeners are well-equipped for their financial journeys.
38:16
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Quick takeaways
- Prioritizing the payment of high-interest debt, such as credit card balances, is vital for improving overall financial health before investment growth can be achieved.
- Utilizing a backdoor Roth IRA can provide high earners with a strategic way to benefit from tax-free growth despite traditional contribution limits.
Deep dives
Investing in Real Estate Through Fundrise
Investing in real estate can often seem daunting, especially for those reluctant to manage tenants and properties. Fundrise offers a streamlined option to invest in real estate with their flagship fund, which allows investors to enter the market with low initial investments. Amidst a declining demand and falling property prices, the Fundrise flagship fund is preparing to expand its billion-dollar portfolio by purchasing new assets. This setup not only simplifies real estate investment but also allows individuals to diversify their portfolios without the direct hassles associated with traditional property ownership.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode