Episode Details
Back to EpisodesHow to Build a Vacation Fund That Pays You For Life + (Money Q&A)
Description
Most people save for vacations one trip at a time and start over from zero every year. There is a version where you build the fund once and it keeps paying for your trips forever, and $100 a month is enough to start.
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What You'll Learn in This Episode
- How to build a vacation portfolio that funds your trips for life
- The exact monthly number to start with, even if it's $100
- Why a taxable brokerage beats a savings account for 10-plus year goals
- How to use travel hacking to cover trips while your portfolio compounds
- How to earmark funds inside one brokerage account without opening five new ones
- Why pulling from your 401(k) to kill your mortgage is usually the wrong move
- How to buy a car with cash and spot a lemon before you hand over the money
- The gift card scam draining balances before the card is ever opened
- The best account to set your kids up for their first home
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