Ask HTM - Stashing an Extra $1k/month, Dropping Full Coverage to Save, & Avoiding Loans for Flight School #793

How to Money

iHeartPodcasts

Education, Investing, Business

4.6 • 3.2K Ratings

🗓️ 26 February 2024

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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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 - Shouldn’t more folks consider using velocity banking to pay off debts?

2 - I have an extra $1,000 at the end of every month; should I invest those dollars for a period of time before paying down my mortgage?

3 - What is the best way to go about paying for flight school?

4 - Does it make sense to drop full coverage on my 2016 car that’s fully paid off?

5 - My husband and I are considering a 401k loan- what should our concerns be?

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 Once Upon An Orchard by Allagash! 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

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0:00.0	Hi, I'm Vanessa Bayer, and this is my brother, Jonah.
0:02.7	And we are so excited to have you hear the latest season of our nostalgia-themed podcast,
0:06.7	How Did We Get Weird?
0:08.0	Not only do you get to know me and my brother, you get to know the stories that made us the
0:12.0	absolutely rude people we are today like you Jonah who's a music person and also a mental health counselor and you Vanessa who is an actress comedian and I think you even wrote a children's book.
0:23.0	Wow.
0:24.0	I sure did.
0:25.0	Check out our episodes where we've welcomed hilarious guests, like our friend Andy Samberg.
0:28.0	That's it, that's really it.
0:30.0	And Queen, Casey Wilson.
0:31.0	I really went cart before the horse I said,
0:32.8	I think I have an opportunity to interview Leonard
0:34.8	Caprio.
0:35.8	As a high school student.
0:37.5	Plus legendary sisters Amber Ruffin and Lacey Lamar.
0:40.5	He would pull the bag out and then we would eat all the leftover chocolate chips
0:45.9	which was a lot then you'd roll the barrel up to up the hill and then one of us
0:51.8	would get inside the barrel and they would push you down.
0:54.6	And we've also had on amazing guests like Mike the Miz,
0:57.6	Jason Isbell, Carrie Brownstein and Corrin Tucker of Slater Kenny, and many more.
1:02.3	And you do not want to miss out on our funny segments like
1:04.7	change dot dork and congratulations you played yourself.
	...

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