Ask HTM - Investing 100% of Your Income, Pitfalls to Avoid when Switching Banks, & Self Employment Downsides #460
How to Money
iHeartPodcasts
4.6 • 3.2K Ratings
🗓️ 10 January 2022
⏱️ 44 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 - Is it a good idea, or is it even possible to invest 100% of my income in a Roth IRA?
2 - I’m finally dropping the big bank that I’ve been with- what should I keep in mind?
3 - Should I ladder my target date funds across multiple years or set it and forget it with a single fund?
4 - What benefits am I missing out on by taking the self employed path?
5 - Paying off my home mortgage or an investment property mortgage- which is the better move?
During this episode we enjoyed a Really Green Street by Trillium Brewing - a big thanks to Ali for donating this delicious craft beer to the podcast! 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!
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Transcript
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| 0:00.0 | Welcome to Hadamuni, I'm Joel. |
| 0:01.8 | I'm Matt and today we're answering your listener questions. |
| 0:24.1 | That's right buddy. |
| 0:24.9 | Today is an Ask Hadamuni episode. |
| 0:27.1 | Every other Monday we take listener questions here on the show. |
| 0:29.8 | Lessoners send in those voice memos. |
| 0:31.6 | We love hearing your voice and we love sharing your voice with our other listeners |
| 0:35.7 | because we want to answer your questions. |
| 0:37.9 | We've got five great ones this episode, including an investing question from a teenager. |
| 0:42.2 | We've got a listener who is wanting to switch banks, but she wants to know what she should know. |
| 0:47.6 | She wants to know what she should consider before she does that. |
| 0:49.3 | How do I do it the right way? |
| 0:50.5 | And we've got someone who has some self-employed life considerations to keep in mind |
| 0:55.6 | before she makes a switch. |
| 0:56.8 | We're going to answer those questions plus a couple others during this episode. |
| 1:00.1 | Sounds good. |
| 1:01.1 | Before we get to that, we have like you said, five good questions to get to. |
| 1:04.1 | I got a good frugal or cheap for me. |
| 1:05.4 | Well, not a frugal or cheap, I just want to quickly mention and a reminder to other people. |
| 1:08.7 | This is something I just did myself and now I'm like, I want to share this with our listeners |
| 1:12.5 | because this is something they can do that are be good. |
| 1:14.6 | It's not going to blow your socks off, but I did order a nest thermostat. |
... |
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