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Rich Habits Podcast

Q&A: $1M in Real Estate, Paying Off $110K in Student Loans, and Pensions

Apr 4, 2024
Topics discussed in this podcast include $1M in real estate, paying off $110K in student loans, exploring a new 401k program, maximizing growth potential on found cash balance, personal options trading experience, investing strategies, and community engagement highlights.
32:03

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Quick takeaways

  • Maximize returns by investing in index funds like V-O-O and QQQ.
  • Strategic debt repayment is crucial for financial security.

Deep dives

Investing $30,000 From Old 401k Into Roth IRA with Robinhood Program

Marquis is advised to move $30,000 from his old 401k into a traditional IRA with Robinhood, earning an immediate $900 without any tax implications. The strategy involves leaving the funds for five years and investing in index funds like V-O-O, QQQ, VGT to make the money work efficiently.

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