Where to Put Cash, Saving Money on Gas, Latest Deals/Hacks and More Listener Q&A

All the Hacks with Chris Hutchins

Chris Hutchins

Business, Education, Investing, Society & Culture, Places & Travel, Self-improvement

4.7 • 1.4K Ratings

🗓️ 13 July 2022

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

#65: Host Chris Hutchins tackles questions about the current market, where to put cash, investing strategies, backdoor Roth IRAs, net worth tracking, financial planning and saving money on gas. Chris also shares some listener hacks to save money and the top deals he’s seen lately. Full show notes at: https://allthehacks.com/listener-questions-4 Partner Links Inside Tracker: 20% off personalized wellness & nutrition plans backed by science Athletic Greens: Free 1 year supply of Vitamin D and 5 free travel packs Gelt: Skip the waitlist on personalized tax guidance to maximize your wealth Resources Mentioned Investing All the Hacks Newsletter: All About Investing Part 1 Wealthfront: $5,000 managed free Series I Savings Bonds BlockFi (CEO Zac Prince: @BlockFiZac) CME FedWatch Tool Dollar-cost averaging just means taking risk later Wash-Sale Rule Definition Just How Valuable Is Tax-Loss Harvesting? Backdoor Roth IRA Definition Mega Backdoor Roth 401(k) Conversion Explained Financial Planning XY Planning Network Wealth Foundry: George Galat V, CFP Tracking Your Finances Wealthfront: Net Worth Tracker + Free Financial Planning Mint: Budgeting App Kubera: Net Worth Tracker AssetDash: Track Crypto and NFTs Tiller: Import account data into spreadsheets Saving Money on Gas Citi Premier: 80k Signup Bonus + 3x Points on Gas/Groceries/Hotels/Flights) Register for 5%/5x on Gas in Q3 for Chase Freedom/Freedom Flex GasBuddy: Cheapest Gas Station Finder App Listener Money Hacks Lowes Coupons Codes Cashback Monitor: Compare Cash Back Deals Across 100+ Sites Retailmenot: Earn Cash Back Lowes E-Gift Cards on Amazon Latest Deals Free Grubhub+ with Amazon Prime Free Uber One with Disney+ Free Cultivist membership for Capital One Cardholders (access 100+ museums) Free Instacart+ with Chase Free Mariott Gold status with Chase Sapphire Reserve Podcasts Mentioned All The Hacks #43 - Why 50/50 Doesn't Work: A New Model for Happier Relationships with Kaley and Nate Klemp #59 - Save Money, Build Wealth, and Just Keep Buying with Nick Maggiulli #64 - Inflation and All Things Money with Jacob Goldstein #42 - Beating Inflation, Alternative Assets, and Simplifying Your Finances with Ben Carlson #55 - Maximize Your Points: Stacking, Buyers Clubs, Redemption Hacks, and More with Julia Menez On the Brink #329 - Zac Prince (BlockFi) on Navigating Through the Storm Animal Spirits Macro Voices Full Show Notes Current Markets and what to do with the money needed within the next three to five years (02:32) US Government Series I Savings Bonds (03:27) Crypto High-Yield Savings Accounts (04:19) High Yield Savings Account (05:55) Investing: What to do with a windfall in this market and the best way to start dollar-cost averaging (06:47) Tax Loss Harvesting (10:15) Direct Indexing (12:18) Backdoor Roth IRA: contributing even if your household exceeds limits for both Roth and traditional IRAs (17:45) Mega Backdoor Roth 401(k): after-taxes contributions to your 401k (19:31) Podcasts for sophisticated investors who want to continue learning (22:08) Financial Planning: comprehensive financial plans (25:27) Tracking your finances across all of your accounts (30:11) Saving money on gas: considerations for taking the cash discount, the best cards and apps to use, fuel reward programs, and electric vehicles (33:19) Listener money-saving hacks: stacking deals and transferring the available balance of Visa or Amex gift cards to your Amazon gift card balance (36:53) Free premium subscriptions, statuses, and perks that are available to members of certain cards or services (40:08) Chris shares how listener, Stephanie, used the hotel hack shared in episodes #1 and #55 to score big on a recent trip (41:03) Nominate All the Hacks for The People’s Choice Podcast Award (41:38) Connect with All the Hacks All the Hacks: Newsletter | Website | Facebook | Email Chris Hutchins: Twitter | Instagram | Website | LinkedIn

Transcript

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0:00.0	A quick word from our sponsor today.
0:03.3	I want to talk about an amazing way to level up your finances with some practical knowledge
0:07.6	on money.
0:08.6	I'm talking about Nerdwallet's Smart Money Podcast, where every week, Nerdwallet's in-house
0:13.3	experts answer your real-world money questions and break down the latest personal finance
0:18.0	news.
0:19.0	They've already helped me get smarter on AI travel planning, saving money on groceries
0:22.9	and my next trip to Disney, which I know is coming soon with two young girls.
0:27.8	They also break down the latest financial headlines so you can make smart financial decisions
0:32.1	in a world that's constantly changing.
0:34.8	Weekly financial check-ins with Smart Money can help you spend more time doing what matters
0:38.8	and last time worrying about what doesn't.
0:41.4	You'll get the clarity you need to make smart decisions without all the stress.
0:45.2	Plus, they keep their episodes short and sweet, so it's easy to add to your weekly rotation.
0:50.8	Smart Money is such a great way to get even smarter about your money.
0:54.2	Welcome to Nerdwallet's Smart Money Podcast on your favorite podcast app, which you're
0:58.1	probably in right now because I know you're listening to a podcast, so check out Smart
1:02.4	Money.
1:06.1	Hello and welcome to another episode of All the Hacks, a show about upgrading your life,
1:10.9	money, and travel.
1:12.2	I'm Chris Hutchins and I am excited you're here today for another episode where I get
1:16.2	to answer all the questions you've sent in.
	...

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