You are the best person to manage your finances. People are also our own worst enemy. A personal note on how complacency can be a wealth killer (or health killer) without anyone knowing it.
We also revisit the upcoming book First To A Million by Dan Sheeks.
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LISTENER QUESTION/COMMENTS
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Can I withdraw money from my IRA to pay off the debt (Jasmyn, Ft Lauderdale FL)
What allocation of stocks/bonds should I put my house savings for a downpayment (Conor, Indy)
If I pay off my kid's student loans will either of us have to pay taxes (Peter, Petoria)
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TOPICS
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MONEY-SAVING TIP: Save your Subway receipts
MONEY-SAVING TIP: Asking service companies for discounts
RED ALERT WARNING: Another 'expert' gets it wrong
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ENCORE
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
You don't need a budget. You just need something that works for you and you'll follow consistently. Tips that should make you feel better (less guilty!) about the perfect plan for you.
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LISTENER QUESTION/COMMENTS
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Is there a company for a Roth IRA that is safe, reliable, easy, and good (Sandy)
Should I leave my money in a 401k or roll it into an IRA? Would a self-directed IRA be best for home flipping? (Wayne)
My ex-son-in-law is going to set me up with a Robinhood account (Anita)
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TOPICS
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MONEY-SAVING TIP: Amazon vs. Walmart
TRAVEL HACK: The new Capital One Venture X card is here
Scott's daughter joins the show without her knowing it.
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ENCORE
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
Consider this your regular reminder that most personal finance gurus get rich not from their investment smarts, but from their ability to sell you on their investing smarts.
Support our latest sponsor - Chubby Bunny!
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LISTENER QUESTION/COMMENTS
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Should I finance a car and move the money to a higher-yielding account or pay cash for it (Bobbi, Houston)
Are I-bonds are a better vehicle for savings as opposed to other savings accounts (David)
I'm 21 and just started investing in a 401k managed by my bank but I'm scared that we'll go into a pandemic-induced recession at any moment and I'll lose everything. Don't know if this was really the best time to start investing (Abi)
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TOPICS
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MONEY-SAVING TIP? Iron-stomached man discovers savings benefits of eating meals at a Six Flags park
Scott shares his favorite credit card and why he likes it.
It's time for taxes if you want to save money - https://turbotax.intuit.com/tax-tools/calculators/taxcaster/
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ENCORE
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k