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How to Money

Ask HTM - Buying a Used Car from a Rental Fleet, Timing a 401k Conversion, & a Duplex Purchase Snag #550

How to Money

iHeartPodcasts

Business, Investing, Education

4.63.2K Ratings

🗓️ 8 August 2022

⏱️ 65 minutes

🧾️ Download transcript

Summary

We’re kicking off the week by answering listener questions! And if you have a question that you’d like for us to answer on the show, we’d love for you to submit your own via HowToMoney.com/ask , send us your voice memo. Regardless of how random or bizarre you might think it is, we want to hear it!

 

1 - I’m thinking about buying a used car from a rental fleet- what considerations should I keep in mind?

2 - What steps should we take, or not take, as we’re getting more serious with our entrepreneurial endeavors?

3 - Is now a good time to roll my 401k over into a Roth IRA?

4 - What factors should I consider as I’m looking for the best rate on my high yield savings account?

5 - My lender says that I have to move into the duplex that I’m trying to purchase as an investment property- what should I do?

 

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:

 

During this episode we enjoyed a Grapefruit Hefeweizen by Schofferhofer! And please help us to spread the word by letting friends and family know about How To Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

 

Best friends out!

See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

My name is Joshua Topolsky and I have a new podcast called What Future.

0:04.5

But I want to tell you that I'm being forced by my producer to record a promo telling you about my show.

0:10.1

And I'm not trying to force you to listen to it.

0:12.6

And maybe you're not interested in internet culture and the future of life on planet Earth.

0:18.1

And why John Carpenter movies are so good.

0:20.6

You may just want to listen to a podcast about, I don't know, sports or whatever Joe Rogan talks about.

0:26.6

And that's fine, you know, no judgment.

0:28.4

But if you like what you're hearing and I know that you do, you can listen to all of what future on the I Heart Radio app, Apple podcasts or wherever you get your podcasts.

0:58.4

The podcast and that's what you really missed brings you back to the choir room for a gloriously gleeky rewatch of all six masterfully musical seasons of Glee.

1:19.4

Join cast members Kevin MacKale and Jenna Uschkewitz for never before heard stories from the cast, crew, celebrities and you, the fans from McKinley High to New York City, from the choir room to nationals and from the Super Bowl to a world tour.

1:32.9

Listen to and that's what you really missed on the I Heart Radio app, Apple podcasts or wherever you get your podcasts.

1:39.4

Welcome to Hadamuni, I'm Joel and I am Matt and today we're answering your listener questions.

1:49.4

Let's write Joel, this is our listener questions Monday episode where we have five most excellent questions that we're going to get to during this episode.

2:11.4

We've got a listener who is thinking about buying a rental car, that's right, buying a rental car, not renting a rental car, which I don't know if we've ever taken a question about rental cars before just generally speaking, have we?

2:23.4

We've talked about the exorbit price and then how to save money on rental cars.

2:27.4

But as far as a listener who had like a rental car question, this might be the deepest dive that we're ever going to do so far on rental cars.

2:34.4

The listener has a Roth conversion question and someone else they're thinking about using a duplex in order to house hack.

2:41.4

She's got a couple questions about that plus two others looking forward to get all of these today.

2:46.4

Yeah, for sure. Let's get into it. But what role I just want to tell you a brief story in my life that says Joel's rug.

2:53.4

Yeah, so I got a discount on the roads. Here's the thing, moving to a new house.

2:56.4

Not too long ago, right? Everybody knows that if you listen to that episode on us moving and since we've talked about our move a little bit, well, we had a room without a rug.

3:06.4

And like the Big Lebowski, we needed a rug to tie the room together, that it was quite echoey up in there and together that rug in there.

...

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