How To Prioritize Where You’re Investing (And Why!)

The Money with Katie Show

Money with Katie

Self-improvement, Education, Business, Investing, How To

4.8 • 1.3K Ratings

🗓️ 30 November 2022

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Finally defeated your high-interest debt and got your cash flow under control? This week’s episode is for you, baby! If the 401(k) vs. IRA vs. HSA vs. everything else conundrum has you frozen with indecision, look no further than this week’s podcast episode for a framework that’ll help clarify these types of decisions so you can move forward with confidence in the new year. Even if you feel like you’ve got a relatively good grip on your investment strategy, this refresher may help you consider things in a new (and more lucrative!) way. Learn more about our sponsor, Vin Social: http://vinsocialvip.com/. Transcripts can be found at https://www.podpage.com/money-with-katie-show/. — Mentioned in the Episode The Traditional 401(k) vs. Roth 401(k) Debate: https://moneywithkatie.com/blog/the-final-traditional-vs-roth-debate-traditional-wins Roth IRA Conversion Ladder Discussed in Episode 36: https://www.podpage.com/money-with-katie-show/deep-dive-set-yourself-up-to-pay-no-penalties-or-taxes-in-early-retirement/ The Math Behind Early Retirement: https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ Research on the Human Psychology Behind Loss Aversion: https://www.verywellmind.com/negative-bias-4589618 2021-2022 Roth IRA Contribution Limits: https://www.schwab.com/ira/roth-ira/contribution-limits#:~:text=If%20you%20file%20taxes%20as,214%2C000%20for%20the%20tax%20year Demographic Survey on HSAs: https://www.benefitspro.com/2021/08/20/hsas-in-the-usa-5-states-where-theyre-used-the-most-5-the-least/?slreturn=20221029084558#:~:text=As%20of%20December%2031%2C%202020,the%20end%20of%20the%20year. — Follow Along at Money with Katie: https://moneywithkatie.com/ Follow Money with Katie! - Instagram: https://www.instagram.com/moneywithkatie/ - Twitter: https://twitter.com/moneywithkatie Subscribe to Morning Brew - Sign up for free today: https://bit.ly/morningbrewyt Follow The Brew! - Instagram: https://www.instagram.com/morningbrew/ - Twitter: https://twitter.com/MorningBrew - TikTok: https://www.tiktok.com/@morningbrew Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	No high interest debt, reliable cash flow, and a solid emergency fund.
0:05.0	Do you have all three of those things?
0:07.0	If so, join me on today's deep dive where I share my own order of operations, if you
0:12.6	will, to see how I invest to get the biggest tax breaks today and the most financial gains
0:19.3	later in life.
0:20.8	If you've ever wondered how to divvy up your 401k, Roth IRA, HSA, taxable investments
0:26.8	every single month, then this episode is for you.
0:30.6	Let's get into it.
0:37.6	Welcome back to another episode of The Money with Katie Show Rich People and Gird Your
0:43.1	Loans.
0:44.1	Today, we are breaking down the foundation of my investor philosophy.
0:54.8	Of course, in order to dive into this, we have to set the stage with what this philosophy
1:00.0	is optimized for, what it's trying to achieve, and what type of risk it's assuming.
1:06.3	So we'll talk about my broad thesis on various investment accounts, how I prioritize my
1:11.7	own, and more.
1:13.3	So put your thinking bucket hats on fam for the sake of satisfying my own neuroses I want
1:18.4	to cover three things before we jump into this.
1:21.7	Number one, consider this episode your primer for what to do next if you don't have any
1:27.0	high interest debt.
1:28.3	I know there are mixed sentiments about debt out there, but I cannot in good faith promote
1:33.7	investing to someone who's paying 24% on a credit card balance.
1:38.3	Knock that stuff out first.
	...

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