Should I Use My Emergency Fund to Pay Off High Interest Debt? - Money Q&A

The Personal Finance Podcast

Andrew Giancola

Business, Investing, Entrepreneurship

4.7 • 1.4K Ratings

🗓️ 18 March 2024

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode of the Personal Finance Podcast, we are to do a Money Q&A about Should I Use My Emergency Fund to Pay Off High Interest Debt? Today we are going to answer these questions: Question 1: The BEST Way to Invest a New Salary Question 2: What Happens when You Switch Funds? Question 3: Should I use My Emergency Fund to Pay Off High Interest Debt? Question 4: How to Pay for Travel Expenses for Free Question 5: Credit Freeze Vs Credit Lock How Andrew Can Help You: Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goals" is your pathway to a future where your aspirations are not just wishes but realities. Enroll now and make this year count! Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here! Learn to invest by joining Index Fund Pro! This is Andrew’s course teaching you how to invest! Watch The Master Money Youtube Channel! Ask Andrew a question on Instagram or TikTok. Learn how to get out of Debt by joining our Free Course Leave Feedback or Episode Requests here. Thanks to Our Amazing Sponsors for supporting The Personal Finance Podcast. Shopify: Shopify makes it so easy to sell. Sign up for a one-dollar-per-month trial period at shopify.com/pfp Monarch Money: Get an extended 30 day free trial at monarchmoney/pfp Thanks to Fundrise for Sponsoring the show! Invest in real estate going to fundrise.com/pfp Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at Indeed.com/personalfinance Thanks to Policy Genius for Sponsoring the show! Go to policygenius.com to get your free life insurance quote. Chime: Start your credit journey with Chime. Sign-up takes only two minutes and doesn’t affect your credit score. Get started at chime.com/ Delete Me: Use Promo Code PFP20 for 20% off! Links Mentioned in This Episode: The Best Cashback Cards Chase Freedom Flex Capital One Quicksilver Cash Rewards Credit Card Capital One SavorOne Cash Rewards Credit Card Citi Custom Cash℠ Card Citi® Double Cash Card Blue Cash Preferred® Card from American Express Blue Cash Everyday® Card from American Express New to Credit: Capital One Quicksilver Secured Cash Rewards Credit Card Business: Chase Business Ink Cashback Credit Card Connect With Andrew on Social Media: Instagram TikTok Twitter Master Money Website Master Money Youtube Channel Free Guides: The Stairway to Wealth: The Order of Operations for your Money How to Negotiate Your Salary The 75 Day Money Challenge Get out Of Debt Fast Take the Money Personality Quiz Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	One of the most important financial decisions that you can make is buying life insurance,
0:05.0	especially if you have people who depend on your income.
0:09.0	It could be a spouse, an aging parent, children, or even a business partner, which is why I recommend term life insurance
0:16.1	from Policy Genius. It's cheap and easy to set up, and Policy Genius is where I went to to get my
0:21.9	policy and they made it so incredibly easy.
0:24.7	I had a simple phone call, answered some questions, and I was completely set up.
0:29.1	And with Policy Genius, you can find life insurance policies that start at just $292 per year for $1 million worth of coverage.
0:37.0	And some options offer same-day approval and avoid unnecessary medical exams.
0:41.5	So save time and money and provide your family with a financial
0:45.0	safety net using Policy Genius. Head to Policy Genius.com or click the link in the description
0:49.7	to get your free life insurance quotes and see how much you can save. That's Policy Genius.com.
0:58.6	One of my favorite ways to invest is real estate, but not everyone wants to handle tenants and toilets.
1:04.5	Enter Fundrise. They make it easy to invest in real estate with their flagship fund.
1:09.5	Now as always you always have to carefully consider the investment objectives and risks of the Fundrise
1:14.7	flagship fund before investing.
1:16.9	But right now, demand is dropping and prices are falling, even for many of the best assets.
1:22.7	And the Fundrise flagship fund plans on going on a buying spree,
1:26.5	expanding its billion dollar real estate portfolio
1:29.0	over the next few months.
1:30.6	You can add the Fundrise flagship fund to your portfolio in just minutes, which is as little as $10, by visiting
1:36.8	Fundrise.com slash PFP.
1:40.2	As always, carefully consider the investment objectives, risks, charges, and expenses of the Fundrise
	...

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