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Money Guy Show
What's Considered "High-Interest" Debt in 2024?
Apr 17, 2024
Exploring high-interest debts in 2024, funding Roth IRAs, mega backdoor Roth contributions, and the impact of audience support on financial education. Strategies for debt repayment and investment discussed.
27:12
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Quick takeaways
- Saving behavior is key in the 'messy middle' stage, regardless of investment strategies.
- Understanding eligibility and timing maximize benefits of mega backdoor Roth conversions.
Deep dives
Importance of Focusing on Savings Behavior in the Messy Middle
In the podcast episode, the importance of focusing on savings behavior rather than investment allocation during the 'messy middle' stage is discussed. It is emphasized that in this phase, saving consistently and increasing savings rates are crucial. The speaker highlights that irrespective of aggressive or conservative portfolios, the primary focus should be on saving behavior and building a solid financial foundation.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode