AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Radical Personal Finance
1015: Friday Q&A: Deleting a Social Security Number for your Child, UTMA Accounts, Sell Old House or Keep as Rental
May 10, 2024
Topics discussed in the podcast include obtaining social security numbers for children, opening UTMA accounts, natural baby-birthing experiences, and the decision to sell an old house or keep it as a rental property.
52:58
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Opening a UTMA account for children can provide long-term financial benefits through investment growth.
- Deciding whether to sell an old house or keep it as a rental requires assessing workload, flexibility, and financial viability.
Deep dives
Advantages of Renting Out the Texas House
Renting out the Texas house could lead to long-term wealth accumulation through property ownership. Having tenants pay off the mortgage can significantly increase net worth. Owning multiple properties can provide financial benefits due to increased property value and tenant rental income.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode