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Money Tree Investing

MTI062: Listener Questions on Beginning Investing

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6658 Ratings

🗓️ 20 November 2015

⏱️ 35 minutes

🧾️ Download transcript

Summary

It’s another episode with listener questions. This time, most of the questions deal with beginning investing. If you want to know what you can do to start building wealth, we talk about some of your opportunities to invest while answer

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The post MTI062: Listener Questions on Beginning Investing appeared first on Money Tree Investing Podcast.

Transcript

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0:00.0

Welcome to the Money Tree Investing Podcast.

0:04.6

Stock market, wealth, personal finance, value stocks, invest in your life.

0:13.2

Welcome to this week's episode of the Money Tree Investing Podcast.

0:17.8

Today we have Andrea Trevillian from Take a Smart Step. Morning.

0:23.3

Andrew Sather from eInvestingfor Beginners.com. What's up? Let's help some people.

0:28.9

Yeah. And unfortunately, Joe Sal C. High from Stacking Benjamin's is not here with us today.

0:36.0

We'll all miss him, but we're going to answer some

0:38.2

reader questions anyway without him. So let's hope we can do this. Let's get right into it.

0:43.6

Our first question is from Lindsay, and she says she's super new to podcast and investing,

0:48.9

but I feel like I have struck gold with your show. Thanks. We try. Anyway, she says that she's 28 years old.

0:55.4

She's married and has no kids. She has a personal gross income of $105,000 plus potential for bonuses

1:03.3

and the household joint income is 160,000. So she's a dentist. So she has $150,000 in student loan debt at 6.8%. She's paid it down

1:16.1

over the course of two years. So she used to have $260,000. She's got a lot of student loan debt

1:22.3

from becoming a dentist. And she says, I believe we will see a lot of high debt, high income situations over the next 10 years, also of note due to our high income, the student loan interest, which is nearly $40,000 for us in 2013, is not tax deductible. That is a bummer. I am fortunate to have a husband who works for a Fortune 500 company with an excellent 401k match and stock options.

1:44.7

So he has been able to invest in our, slash his retirement.

1:48.8

Not all of my classmates have that.

1:50.9

The question I pose is this with the high debt, 6.8% high income.

1:54.1

Where should our priorities lie in paying off these loans as quickly as possible?

1:58.2

Or in investing?

1:59.5

Or will I be running into limitations due to high

2:01.9

income. There will not be a 401k or 403 option for me unless I work in a corporate dental or

2:08.8

medical setting. So it's convenient that her husband has these options, but she's a little

...

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