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How to Money

Ask HTM - Smarter Ways to Cut Credit Cards, Unrealized Capital Gains on the 401k, & Jumbo Down Payments #880

How to Money

iHeartPodcasts

Education, Investing, Business

4.63.2K Ratings

🗓️ 16 September 2024

⏱️ 57 minutes

🧾️ Download transcript

Summary

Let’s dive into the week with some fresh listener questions we have lined up for you! And don't just stand on the sidelines- if you have a question you’d like us to answer, toss your voice memo our way. It only takes about 90 seconds to record and you can find a step by step guide over at HowToMoney.com/ask . Regardless of how random or bizarre you might think it is, we want to hear it!

 

1 - Does it make sense for me to put down 30% or even 50% on a home purchase?

2 - How should we go about cutting credit cards from our life without hurting our credit scores?

3 - Is it possible for multiple investing accounts to undercut the impact of compounding on my overall wealth?

4 - Should I be concerned about an unrealized capital gains tax on my 401k?

5 - Will pay-per-mile car insurance actually save me money?

 

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

  • Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here. 
  • Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
  • Join a thriving community of fellow money in the HTM Facebook group.
  • Find the best credit card for you with our new credit card tool!
  • Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.

 

During this episode we enjoyed a For Foolish Thinking by Burial. 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

How do you feel about Biscuits?

0:02.0

Hi, I'm Akila Hughes and I'm so excited about my new podcast Rebel Spirit

0:06.7

where I head back to my hometown in Kentucky and try to convince my high school to change

0:10.5

their racist mascot, the rebels, into something everyone in the South

0:13.6

loves, the Biscuits. I was a lady rebel, like what does that even need?

0:18.0

It's right here in black and white and prints. They lie.

0:22.3

Bigger than a flag or mascot.

0:25.2

Listen to Rebel Spirit on the I Heart Radio app, Apple Podcasts,

0:28.4

or wherever you get your podcasts.

0:30.3

Captain's Log, Star Date, 2024, we're floating somewhere in the Cosmos, but we've lost our map.

0:36.0

Yeah, because you refuse to ask for directions.

0:38.0

It's Space Jem, there are no roads.

0:41.0

Good point, so where are we headed?

0:43.0

Into the unknown, of course.

0:45.0

Join us on In Our Own World as we uncover hidden truths, navigate the depths of culture, identity,

0:50.0

and the human spirit.

0:51.0

With a hint of mischief, one episode at a time.

0:53.6

Buckle up and listen to In Our Own World on the I Heart Radio app, Apple

0:56.8

Podcasts, or wherever you get your podcasts. Trust us. It's out of this world.

1:05.0

Hey there, it's Michael Lewis, Arthur Going Infinite, Money Ball, The Blind Side, and Liar's Poker.

1:09.0

On the latest season of my podcast against the rules,

1:11.0

I'm exploring what it means to be a sports fan in America,

...

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