Before Renting Out a Spare Bedroom, Transitioning a Side Hustle to a Small Business, and Why Most 403(b) Accounts Suck #152

How to Money

iHeartPodcasts

Investing, Education, Business

4.6 • 3.2K Ratings

🗓️ 30 December 2019

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week on the podcast we’re answering your questions! 1 - Should I consider renting out a furnished spare room, and do I go about to vet possible roommates? 2 - How diversified are index funds? 3 - Can I use funds from a car loan to pay off some high interest credit card debt? 4 - When should I transition my side hustle to a legit small business and how do I start deducting my expenses come tax season? 5 - Should I invest in my 403b with pre-tax or post-tax dollars?

And if you have a question for us, we’d love for you to submit your own via HowToMoney.com/ask/

During this episode we enjoyed a Farmhouse Pale Ale by Oxbow Brewing Co - a big thanks to our friends there at the brewery! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!

Best friends out!

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Transcript

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0:00.0	Last season, millions tuned into the betrayal podcast to hear a shocking story of deception.
0:05.1	I'm Andrea Gunning, and now we're sharing an all-new story of betrayal.
0:10.3	Ashley Litten was helping her husband set up a business fanmail account when she discovered
0:14.3	a terrible secret. I saw a hidden folder, and I opened it. What the hell did I just see?
0:23.3	Listen to season two of betrayal on the iHeartRadio app, Apple podcasts, or wherever you get your
0:28.2	podcasts. On Queen Charlotte, the official podcast, we're stepping behind the scenes and the
0:34.7	drawing boards of this team to experience the life breathed into the Bridgerton prequel. Listen to
0:40.9	the Leaps executive producer and series director Tom Barraka took to capture the feeling that
0:46.3	puts that lump in your throat. And you've got to catch creator Shonda Rhymes. She's dropping gems,
0:52.5	diamonds, and mics. You can listen to Queen Charlotte, the official podcast every Thursday,
0:58.0	on the iHeartRadio app, Apple podcasts, or anywhere you listen to your favorite shows.
1:28.0	Welcome to How To Money. I'm Joel and I'm Matt, and today we are answering your listener questions.
1:58.9	Yeah, Joel, we have our diverse little group of questions to answer on the episode today. We are
2:04.7	going to discuss our thoughts on running out a spare bedroom, as well as when you should consider
2:10.2	kind of shifting your side hustle to a full-fledged business. And then we're also going to answer one
2:14.8	regarding four or three Bs for all of our teacher listeners out there, as well as all those who
2:19.6	work for non-profit organizations. Yeah, we haven't covered four or three Bs plans in particular.
2:24.0	There's so much to say. So yeah, we'll get into that in a little bit. Man, I want to let you know,
2:27.7	real quick, as it's gotten colder, and we've had some more rain here lately too. It's true. I feel like
2:32.8	trying to maintain my bite commuting habits gets tougher, right? It's just like hard when it's cold
2:39.6	and rainy. Yeah, keep going. Have folks been asking you like, are you still biking the girls to
2:43.2	the school with it being cold? Because it's so it's smack in the middle of winter. And I feel like
	...

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