Episode Details

Back to Episodes

Fastest Way to $1 Million, Roth Rules, and If You Should Rent Forever (Money Q&A)

Episode 419 Published 10 months, 2 weeks ago
Description

In this episode of the Personal Finance Podcast Money Q&A,  we are going to talk about  the fastest Way to 1 million Roth Rules, and should you rent forever.


Watch this episode on Youtube


Today we are going to answer these questions!

  • Question 1: How do I build back my emergency fund after using it, and where should I move money from to do this?

  • Question 2: Is it wise to invest my HSA funds?

  • Question 3: I’ve come across an extra $500/month. Should I put it toward credit card debt or savings?

  • Question 4: Should I roll my rollover IRA back into my new 401(k) plan now that I’ve started a new job?

  • Question 5: How do I become a millionaire in a rapid-fire way?

  • Question 6: As a 28-year-old in a high cost of living area, would I be better off renting forever and investing the difference instead of owning?

  • Question 7: If I make over $150K/year, should I stop investing in Roth accounts for my IRA and 401(k)?

  • Question 8: Should I still move my money from my Roth 401(k) to a Roth IRA, or are they essentially the same thing?

  • Question 9: My mortgage rate is 6.625%. You always say over 6% is high-interest debt—should I pay it off early?

  • Question 10: Have you heard of the AIQ ETF? What are your thoughts on it?


How Andrew Can Help You: 

  • Listen to The Business Show here.

  • Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goals" is your pathway to a future where your aspirations are not just wishes but realities. Enroll now and make this year count!

  • Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here!

  • Learn to invest by joining  Index Fund Pro! This is Andrew’s course teaching you how to invest! 

  • Watch The Master Money Youtube Channel! ,

  • Ask Andrew a question on Instagram or TikTok

  • Learn how to get out of Debt by joining our Free Course 

  • Leave Feedback or Episode Requests here

  • Car buying Calculator here


Thanks to Our Amazing Sponsors for supporting The Personal Finance Podcast.

  • Shopify: Shopify makes it so easy to sell. Sign up for a one-dollar-per-month trial period at  shopify.com/pfp

  • Chime: Start your credit journey with Chime. Sign-up takes only two minutes and doesn’t affect your credit score. Get started at chime.com/

  • Thanks

Listen Now

Love PodBriefly?

If you like Podbriefly.com, please consider donating to support the ongoing development.

Support Us