How Do I Reset My Money Mindset and Get Out of Debt? Pause Investing to Save for a House? How Does a Credit Score Actually Work? (Money Q&A)
The Personal Finance PodcastShow Notes
One episode packed with everything from debt payoff psychology to investing for a special needs child.
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What You'll Learn in This Episode
Why the debt snowball beats the debt avalanche for most people and how to use psychology to actually stick with your payoff plan
How a 49-year-old with a paid-off house and $525K invested should think about paying off a car loan vs staying invested
The Solo 401k strategy every self-employed freelancer needs to know about and why it blows every other account out of the water
How a railroad worker with a special needs child should structure their accounts to protect benefits and leave the right legacy
How to shift from a scarcity mindset to an abundance mindset when your finances are actually doing well
The package delivery text scam costing Americans $470 million a year and exactly what to look for
How credit scores actually work and the two factors that make up 65% of your entire score
Start Here
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Resource/s Mentioned
Wallet Burst Coast FI Calculator: walletburst.com
Episode/s Mentioned
Why Coast FIRE May Be The Perfect Strategy for You with Andy Hill https://mastermoney.co/the-personal-finance/why-coast-fire-may-be-the-perfect-strategy-for-you-with-andy-hill/
How to Run the Numbers When You Buy a House! (Total Cost of Ownership!) https://youtu.be/80_EAuZYz7Y
Watch Next
Are Trump Accounts Worth It? (And What's Actually Better) https://youtu.be/jJKCfTvTm0Q
The Retirement Mistake 80% of Investors Make (with Vanguard's Lead Researcher) https://youtu.be/37zVUL0e2TE
How Much More Expensive Has Life ACTUALLY Become Since 2020? https://youtu.be/_n8qUA3NsoI
Chasing a Higher Savings Rate, Semi-Retiring in Our 40s & Rebuilding After Bankruptcy (Money Q&A) https://youtu.be/OobdeA8qYbA
The Best and Worst Frugal Habits (Ranked!) https://youtu.be/_FKJfAjTi-I
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Question for you:
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