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How to Money

Ask HTM - When to Ditch an Old Car, Dropping Escrow, & Investing via an ESOP #928

How to Money

iHeartPodcasts

Business, Investing, Education

4.53.1K Ratings

🗓️ 6 January 2025

⏱️ 53 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 - When is it finally time to ditch an old car and upgrade?

2 - Is it frugal or cheap to live off of only my wife’s income, in order for our son to qualify for more financial aid?

3 - Should I drop the escrow on my mortgage and take care of taxes and insurance myself?

4 - Buying silver at Costco… smart?

5 - Is it a good investment to go with an ESOP to buy Walmart stock?

 

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 Super Volcano Sauce by Aslin Beer Co! 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

I'm Jason Alexander

0:02.3

And I'm Peter Tilden

0:03.2

And together our mission

0:04.8

On the Really No Really podcast

0:06.4

Is to get the true answers

0:07.8

To life's baffling questions like

0:09.9

Why the bathroom door doesn't go all the way to the floor

0:12.1

What's in the museum of failure

0:13.7

And does your dog truly love you?

0:15.4

We have the answer.

0:16.3

Go to really know really.com

0:17.8

And register to win $500 a guest spot on our podcast or a limited edition sign Jason Bottlehead.

0:23.3

The Really No Really podcast.

0:24.6

Follow us on the IHeart Radio app, Apple Podcasts, or wherever you get your podcasts.

0:29.8

Welcome to How to Money.

0:31.4

I'm Joel.

0:32.1

I'm Matt.

0:32.9

And today we're answering your listener questions.

0:54.0

Music we're answering your listener questions. That's right. I'm joined by my colleague, Joel Larsgard, today on the How to Money

0:58.4

podcast.

0:59.1

I'm not friends anymore. Now we're colleagues. We're colleagues and friends. That is true.

1:03.7

No, we are going to hear from multiple How to Money listeners today. Listeners wanting to know

...

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