Money Confessions: I Drained My 401K to Pay for a Trip (Is That Bad)

Everyone's Talkin' Money

Shari Rash

Business, Self-improvement, Education

4.6 • 631 Ratings

🗓️ 16 May 2024

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode, I share my hot take on a recent money confession from a listener: “I used my entire retirement fund, around $15,000, to pay for a 2-month European trip. I don’t have any retirement funds, and I’m in my 30s. I feel like I made a big mistake. I haven’t shared it with anyone until now. Was this the stupidest way to spend my money?" As we break down this money confession, I'll explore my tips and food for thought. LINKS My Favorite Financial Calculators Daily Drop - Credit Card Hacking Tips CONNECT WITH SHANNAH Thank you for being a part of our community! We couldn't do it without you. Sign up for my signature course, Unf*ck Your Money https://www.etmlearn.com/unfck-your-money Freebie - 10 Money Questions to Ask Yourself Free Money Guide https://etmpod.link/10moneyq Sign up for Financial Coaching with Shannah https://etmpod.link/coach To support the show, please subscribe or share the word about this show in your circles. Sign up for our newsletter Follow me on Instagram Leave a 5-star Review here https://ratethispodcast.com/etm SPONSORS Thanks to OneSkin for sponsoring the show. Get 15% off OneSkin with the code ETM at https://www.oneskin.co/ Thanks to Quince for sponsoring the show. Go to http://www.quince.com/etm for free shipping on your order and 365-day returns. Thanks to NerdWallet for sponsoring the show. Don’t wait to make smart financial decisions. Compare and find smarter credit cards, savings accounts, and more today at www.nerdwallet.com. Thanks to Monarch for sponsoring the show. After trying out Monarch for myself, I understand why it’s the top-rated personal finance app. Listeners of this show will get an extended thirty-day free trial when you go to www.monarchmoney.com/ETM. Thanks to EarnIn for sponsoring the show. Just download the EarnIn app in Google Play of the Apple App store and use code Talkin Money under Podcast. Thanks to Noom for sponsoring the show. Start taking control of your weight management and join the millions who have lost weight with Noom. Sign up for your TRIAL today at www.noom.com. Thanks to ButcherBox for sponsoring the show. Sign up today at www.butcherbox.com/etm and use code ETM to get $20 off your first order. Thanks to DelelteMe for sponsoring the show. Today get 20% off your DeleteMe plan when you go to www.JoinDeleteMe.com/ETM and use promo code ETM at checkout. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:10.0	In this episode, I share my hot take on a recent money confession from a listener.
1:15.1	The listener said, I used my entire retirement fund around $15,000 to pay for a two-month
1:20.5	European trip.
1:22.1	Now I don't have any retirement funds, and I'm in my late 30s.
1:25.4	I feel like I made a big mistake.
1:29.1	I haven't shared this with anyone until now. Was this the stupidest way to spend my money?
1:38.6	Welcome to everyone's talking money podcast. I'm your host, Shauna Game. There's no judgment, no dumb questions,
	...

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