Ask HTM – Deploying Cash to Recast or Invest, Free $ in Trump Accounts, & David Ramsey Falling Short #1114
How to Money
iHeartPodcasts
4.6 • 3.2K Ratings
🗓️ 16 March 2026
⏱️ 57 minutes
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Summary
We’re kicking off the week by answering your 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 - Mortgage recast: Should we take a windfall and recast our mortgage or use the lump sum to invest?
2 - Trump accounts: Where should 530a accounts land among the Money Gears… high or low priority?
3 - Thin credit: What should I do since I was denied a credit card due to a thin file?
4 - Used cars: Is buying a car from a private seller the best option and where’s the best place to look?
5 - Debt relief: So it turns out the company I signed up with for debt relief might be a scam, what should I do?!
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- Money Gears: knowing what to do with your money is crucial to your personal finance journey.
- MG7: and maybe you’re well on your way to financial independence but you’re looking for some financial reassurance, that’s when heading over to HowToMoney.com/Advisor and getting matched with a highly vetted financial advisor makes sense.
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Transcript
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| 0:00.0 | This is an I-Heart podcast. |
| 0:02.6 | Guaranteed Human. |
| 0:04.0 | Welcome to How to Money. |
| 0:05.7 | I'm Joel. |
| 0:06.2 | And I am Matt. |
| 0:08.2 | Today, we're here to answer your listener questions. |
| 0:32.1 | Today, we're here to answer your listener questions. Something about that reminded me of like schoolhouse rock first. |
| 0:34.2 | Like a bill, I guess the Capitol Hill. |
| 0:35.2 | That whole thing. |
| 0:36.8 | Happy, what is it? |
| 0:54.3 | Middle of March to everybody. Can you talk like the bill, the whole episode today? I'm just a bill. Yeah, that's how he did it. I remember watching that in third grade or whatever it was that I watched that. That was like wholesome stuff, man. But it's sad. I don't know that it's applicable anymore. It's like, oh my gosh. I'm just an executive order. |
| 0:58.7 | Bills don't really happen like they used to back in the day. There's this defunct legislative body called Congress. |
| 1:01.5 | Way that we used to actually enact legislation laws that stuck around as opposed to changing every four years as the executive changes. |
| 1:10.0 | But we've got listener questions to get to |
| 1:12.1 | you, man. We're going to hear from a couple who has a load of cash to invest or to recast their |
| 1:19.4 | mortgage, which isn't something that we've talked about recently. So I'm excited about that. |
| 1:23.1 | Most people don't even know what a recast is. A recast. It's been a minute. We're going to talk |
| 1:27.0 | all about Trump accounts, whether they're worth it, kind of where they stack up in the sort of personal |
| 1:33.2 | finance paradigm, what we are planning to do in regards to the Trump accounts. And we're also |
| 1:39.2 | going to hear from a listener who got some bad advice from Dave Ramsey. I believe she called him. That's right. David Ramsey. We're going to go there. So we'll get to all that more today. A little battle of H-T.M. Vers. DR. But we'll give it in a second. You know who's going to come out on top. The Poor Not Poor Boys, not Ramsey Solutions. Come on. There's some good folks over there. Yes, they do. Yeah, there's. George in particular, he's my favorite. He's great. He's great. But we have Jade on not too long ago. Jade Warshaw and she, I liked her a lot too, man. You like her too? Yeah, she rocks. Hey, I want to spend a quick minute and talk about this new account that I opened up, buddy. Okay. This is an account that's been around for, actually, not all that long. |
| 2:20.6 | It's a relatively, it's a relatively newer Fidelity account. It's called the Youth Fidelity account, or is it, maybe it's Fidelity Youth account, I forget. Anyway, my daughter, she was like, hey, I want to be able to have a debit card. She's getting older, kind of going out with friends, |
| 2:39.5 | wants to be able to not constantly have to count her cash that she has on hand as well, |
... |
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