Today We Discuss: How to Get a Guaranteed 5% Return on Your Emergency Fund – Money Q&A
Today We Discuss: How to Get a Guaranteed 5% Return on Your Emergency Fund – Money Q&A
Today We Discuss: How to Get a Guaranteed 5% Return on Your Emergency Fund - Money Q&A
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Transcript:
On this episode of the Personal Finance Podcast, we're gonna talk about how you can get a guaranteed 5% rate of return on your emergency fund.
What's up everybody, and welcome to the Personal Finance Podcast. I'm your host Andrew, founder of Master money.co. And today on the Personal Finance Podcast, we're gonna be talking about how you can get a guaranteed. 5% rate of return on your emergency fund. If you guys have any questions, make sure you hit us up on Instagram at Master Money Co and follow us on Spotify Apple Podcast or whatever podcast player you are listening to this podcast on right now.
And if you wanna help out the show, please consider leaving a five star rating and review on Apple Podcasts or Spotify. I cannot thank you guys enough for leav. Five star ratings and reviews. Now today we have a money q and a, so we're gonna be going through four different questions that you guys have sent in via Instagram or via email.
The first one is we are gonna go through how to get that guaranteed 5% rate of return on your emergency fund, and we're gonna walk through how you can build out a TBI ladder. As well. Then we are gonna go through what to do with your three paycheck months, because every single year you get three paycheck months.
We're gonna talk through how you can take advantage of those three paycheck months if you get paid biweekly, and if you get paid weekly, what to do with those five paycheck months as well. Then we're gonna talk about how to negotiate your credit card interest and the step-by-step ways that you can do that, especially if you're in credit card debt.
This is very important to understand, but if you're not in credit card debt, it's also important to do upfront. And then the last thing we're gonna talk about, Is it okay to buy a house if you don't have a 20% down payment? And is it okay to pay pmi? Those are the four questions that we're gonna be going through today on Money q and a.
Really excited to share this episode with you, so let's get into it. So today we have a big announcement because TBI or treasury bill rates in the six month timeframe have hit 5% Now. It has been a very long time since this has happened. It's actually been like two. Seven, 2008. Since the last time this has actually happened, and this is amazing for us for a number of reasons.
Now we have a place to park our hard-earned dollars that we put into an emergency fund, or maybe short-term savings, maybe a wedding fund, a car down payment fund, a home down payment fund. We have a place that we can actually get a respectable rate of return by doing this. Now obviously the interest rates and a number of other factors are what causes this, but at the same.
When we get into these T bells and we're gonna talk about how to do this in a second, when we talk about T bells, we are gonna be talking about this is a fantastic place for you to park your extra cash that you have sitting in place and you can get a 5% rate of return. Now, if you don't know what a T bell is, it is a US Treasury bill and this is backed by the Treasury Department of the United States.
This is a guaranteed 5% rate of return. This isn't some pie in the sky thing that you are hoping it's gonna get 5%. This is a guaranteed rate. A 5% rate of return that you can get. Now, this is backed by the same government entity that also backed IBANs. If you remember, we talked about how IBANs got to 9.62% last year.
This is the same government entity that backs IBANs. And so the cool thing about T-Bills though is you can get more money into T-bills. And so with T-Bills you can actually put a lot more money into T-bills. So this is a great place to park large lumps, sums of cash. Now, where do you buy T. The best place to buy T-Bills is treasury direct.com.
Obviously, it's a really clunky website. We talked about this a little bit when we talked about IBANs as well. It's not the greatest website in the world. In fact, it seems like a website that was 15, 20 years old and they really haven't updated it much. But this is the best place to buy T-Bills. You can see the current rates as you are buying them as well, and you can go through the process of buying those t bells.
Them ready to put them in either your emergency fund or whatever else you want to do for this. Now, one thing I want to note here is at the time I'm recording this, the T bill rates are right around 5%. C I t Bank, for example, has a high yield savings account that's right around 4%. So this 1% differential may not be the best option for you, but at the same time, What you can consider here is if you set up a TBI ladder, which I'm gonna explain exactly how to do that in a second, you may be able to reap the benefits of even higher interest rates going forward in the future as you have that set up.
So this is something, if you wanna get an additional 1% on your money, if you don't have to utilize that money right away, and it's guaranteed, T-bills are a fantastic place to do that because once you lock that TBI in, Not gonna go down. Whereas in a high yield savings account, that rate can go down at any point in time when the bank chooses.
So you gotta make sure that you have this in place as well. Now, some quick facts about T-bills before we dive into the rates and the TBI ladder. So some quick facts on these. The minimum purchase of a TBI is $100, so this is fantastic. If you have an emergency fund, this is fantastic. If you're saving up for a wedding, maybe you know you have a wedding.
In another year, and you are saving up funds for that wedding. Well, this is perfect for something like that so that you can have extra money in your wedding fund and maybe it can pay for certain little things in your wedding. This is perfect for a down payment on a house or a car. T-bills are a great place to park that cash.
It's a great place to have that available to get a higher rate of return, and you buy them in increments of a hundred as well. So when you buy a tbi, you can buy 'em in 100, 200, $300 increments or all the way up to thousands of. When you buy these TBIs, now, when is the interest paid? So when you buy a T bill and you have the money inside of that tbi, the interest is paid when that treasury bill matures.
What does that mean? That means if you buy a one month tbi, you have to wait an entire month for it to mature before you can reap the benefits of that interest. So you gotta make sure that you are holding it in holding time periods that fit your exact criteria. Now, the way you actually buy T Bells is actually an auction format.
It's very easy to buy them because there's a lot of them available, especially if you go to treasury direct dot. You can also buy them on brokerages as well, but the easiest place to me is Treasury Direct. And then how are taxes paid on T-Bills taxes are paid are just on the interest earned, so that's the only place you will pay taxes on there.
And you get a tax form and then fill that out. You can have your accountant do it. TurboTax can do it. Anybody can do it. If you have treasury bills that you have purchased within the last. Year. Now let's get to the good stuff. So what are the current TBI rates? Now, if you are listening to this way in the future, obviously they may be different.
You can just Google what are current T bill rates. But as of today, at the time I'm recording this, these are the current T bill rates. The one month treasury bill is 4.58%. So you can buy a T bill for one month and get a automatic 4.58% rate of return. The three month treasury bill is 4.82%. The six month treasury bill is 5.03%.
The two year treasury bill is 4.71%. The three year treasury note is 4.4%. Five years is 4.14. Seven years is 4.0, and 10 years is 3.9. And. 30 years is 3.9. So you can see there's a sweet spot here. The sweet spot is the six month treasury bill that is the highest yield, and that yield is 5.03%. So this is how we're gonna think about this when we set up a TBI ladder, as we want as many of our T-bills to be in that six month treasury rate as possible.
So if you've never heard of a TBI ladder, it's very similar to a CD ladder, and we'll talk about how you can do that here in a second. But this is really good stuff because this is how you can set it up for your emergency fund and you can lock in the highest rates and still be able to reap the benefits of those interest rates.
Now for this example, when I set up this TBI ladder, I'm gonna set this up for someone who has. Six months of expenses saved into an emergency fund. Now, if you have a six months of expenses and anything outside of those six months when you're saving up maybe your separate wedding fund, all of those, you can put them in as long of a time horizon as you want, but obviously get as much as you can into that six month tbu and then re-up every time that TBI matures.
So what you're gonna see here is, I'm gonna talk about this by month, and if you are subscribing to the Master Money Newsletter, you may have seen me set this up inside of that Master Money Newsletter. So if you're not, sometimes you can see some of this. Early. So make sure you are subscribed to the Master Money Newsletter.
We teach you how to get better with your money in five minutes or less. It's linked up in the description down below. Now, the way you're gonna do this is you are gonna actually buy all of these T-bills at once, but I'm gonna label these by month, meaning the month. That you would use this money in your emergency fund if you lost your job.
Say you need $10,000 per month in month one, you'd have $10,000 that you buy in a TBI in month two, $10,000, month three, $10,000. But you're gonna do this all at once and you'll see exactly what I mean here in a second. So remember, every time you have money saved, Every single dollar gets a job, so that's why we're just labeling these as month one, month two, month three.
But really what it is, it is the amount of money that you would need in all six months as you go along this timeframe. So in month one, you're just gonna keep your money in cash. The reason for this is so you at least have one month of cash available to you, and preferably it'd be in a high yields.
Savings account like c I T Bank is my favorite place to park that money, or Ally Bank is another great place to park that money as well to get those high interest rates. But you want one month in cash, so it's always available because if something happens, you need that cash right away. It needs to be available in that emergency fund.
Month two, you're gonna buy a one month treasury note. With one month's expenses. Okay, so that means you have month one in cash. Month two, you're gonna buy a one month treasury bill, so that rate of return is 4.58% at the time I'm recording this month three. You are going to buy a three month treasury note with one month's expenses.
In month four, you're gonna buy a three month treasury note with one month's expenses. In month five, you're gonna buy a three month treasury note with one month's expenses. Then in month six, you're gonna buy the six month treasury note with one month's. Expenses. Then all other savings that you do not need within that first six months is going to go in a six month tbi.
If you were going to follow along on this strategy, then as you go through this, as each T bell matures, you buy six month treasury notes. In six months, all will be at that 5% rate of return, that sweet spot that's available there. So as this starts to happen, then you're gonna have the first TBI mature, the one month TBI is going to mature.
Then you have that available and you're gonna buy a six month tbi because now coming down the pipeline, your three month TBI only has a couple of months left. Then you're gonna repeat the process. And as you go through this, you make sure you have enough liquidity to cover you if anything happens in life.
So maybe if you're parking it in between that timeframe, you can have a cash buffer and you can have one month of emergency fund available to you just so you have that extra protection. But then you can start to buy these T-bills in six month increments. And then eventually what's going to happen here is you are gonna have all of your months.
In six month T-bills and getting the highest interest rate that you possibly can. Now you can do the same thing with CDs, so if CDs in the future are ever at a higher interest rate than T-bills are, then you can do the same exact strategy with CDs because CDs also have a pretty high interest rate right now as well.
I think they're right around 4%. I've seen a couple of places that have been a little higher than 4%. So if you have a bank where you're just comfortable keeping your cash at this bank, you can do the same exact thing with CDs. But T-Bills, honestly are an amazing place to hold cash. Even Warren Buffett himself, when he parks cash, he parks it in T-Bills right now.
He owns 75 billion in T-Bills through Berkshire Hathaway. He talks about them in his yearly shareholder letters all the time as well. And if you haven't read Warren Buffett's shareholder letters, they're some of the best investment reads in the world. So make sure you check those out as well. So if you guys have any questions on this TBI ladder, make sure you let me.
Now let's get to the next question. All right, so one thing I wanna talk about here, and we talked about this on TikTok and it went viral, and then we talked about it on Instagram as well, is three paycheck months. Now every single year, there are people who get paid biweekly who are going to have three paycheck months.
And most of us are aware that these happen, but most of us don't take advantage of three paycheck months. So what I wanna do today is I'm gonna go through what the three paycheck months are for this year. In addition, if you get paid weekly, there are some people out there who get paid weekly. We had a number of comments under TikTok and a number of comments under Instagram, and I'll tell you when you get those five paychecks months as well, so that you can do the same exact thing that we are talking through here.
But these three paycheck months are really cool and very powerful if you actually plan for. Now, a couple of things I wanna note before we dive into some of these dates is that obviously on three paycheck months, you may not be able to save the entire amount because why? You're gonna have maybe an additional week of groceries.
So maybe you need a couple hundred bucks for groceries for that additional week that's coming into play. But at the same time, I want you to think about this for the rest of the money. Most people just lose and commingle the money inside of their checking account. Maybe they spend a little more than they typically do, and they don't even know that they're doing it.
But what you gotta do here is when. Plan out these three paycheck months, you can use this money for what you value. Because what I'm trying to teach you here is the skill of spending. The skill of spending is you make sure that your dollars are going towards your priorities. That is what money is there to do, is to bring you value.
So if you can take these dollars, Put them towards your priorities. It is a powerful way to spend every single dollar that you make. So imagine, for example, you live on two paychecks every month if you get paid biweekly for 10 months out of the year, but there are three months that are absolutely perfect for you to utilize.
Towards wealth building activities, or maybe you put them towards Christmas presents at the end of the year, or maybe you put them towards a bunch of other things and we'll talk about some places to put them by financial situation. And at the same time, you can use this money so that you can grow your wealth that much faster.
So here's what the three paycheck months for this year are going to be based on the first time you got paid. So if your first paycheck in 2023 was January 6th, then your three paycheck month will be March and September. So March and September, if you got paid on January 6th, if your first paycheck in 2023 was Friday, January 13th, ooh, that's spooky.
Then your three paycheck months will be June and December. That's a pretty sweet spot to land in because it's halfway through the year, so maybe you need to catch up on your investments, for example. Then you can utilize that paycheck to do that and December. So maybe coming around Christmas time, you have this available for you for your Christmas presents and whatever else you utilize at the end of the.
Now you get 10 other months with two paychecks. You survive with two paychecks on those 10 other months. That's why you can do this, except for the things that are a weekly occurrence. Maybe you have daycare that you pay weekly, or you have groceries that you pay weekly. So part of that paycheck may need to go to that.
But outside of those weekly occurrences, then the rest of the money you can utilize towards wealth building activities to vacation, all these other things. Here's a couple suggestions on what to do with your money based on financial situation. So if you have high interest debt, any debt above 6% interest rate, you wanna put that money towards that first, get that paid down.
So this is the people who have credit card debt or personal loans that are very high interest rate. It is a pan on fire emergency. To get rid of this, you definitely want to get rid of this. The second place is your emergency fund. If you do not have emergency fund in place, you wanna make sure that you start to build up this emergency fund, because that's not if life is going to happen.
It is when things in life will happen to you in your finances. You gotta be ready for this. If the recession is coming down the pipeline, you have to have an emergency fund in place. It is imperative to have this in place. And so we've talked about this for a long time. Three months expenses. If you can get a job very quickly, if you're in a field where you know you can get a job quickly, but you have to know.
Don't just assume it, but if you can't get a job very quickly, then six months will be absolutely perfect for you, and you can use something like T-Bills, a high yield savings account, whatever else you wanna put this money in. Third, if you are not hitting your investment goals, this is a great way to supplement your investment goals.
Imagine if you just took your tax return and you took these. Three month paychecks and invested those dollars, you would have millions of dollars into play if you did this. So this is something that's very powerful to do the right things with these very simple little things instead of blowing the money.
If you invested those dollars, depending on how much it was, it could be either high six figures, two millions of dollars invested if you got like an 8% rate of return. So this is very powerful stuff that we were talking about here, and it. Six figure decision if you invest those dollars. Now, if you're only hitting part of your investment goals, and this could be a supplement to your investments as well, that means that maybe you wanna max such your Roth ira, you only put $5,000 a year in there and you wanna get that extra $1,500 into there.
You can use that for this as well if you are not hitting those investment goals. And then lastly, if you are hitting your investment goals, there's a bunch of options you have available to you from utilizing it for Christmas. Vacations to additional investments in wealth building to saving it up for a cash flowing asset.
Maybe you want more cash flowing asset so that you can reduce the stress in retirement. So you wanna buy a rental property, or you wanna buy an ice machine, or you wanna buy something that can actually produce cash flow for your life so that you don't have to worry so much in retirement. That's a great place to have this as well.
You can also use it to make extra mortgage payments if you wanna pay down your mortgage. Sir. Then this is something where you can take these extra dollars, put them towards your mortgage, and your mortgage could be cut down 5, 10, 15 years depending on how large your paycheck is. In addition, you can donate a portion of this money if you are charitably inclined.
If you like to give money, this is another great option for you. If you don't know. What else to do with this money. But taking advantage in planning for these three paychecks months is incredibly powerful. And the way that I would look at this is if you're giving every dollar a job already, maybe you're getting ahead in your budget a little bit.
If you budget the way we've talked about early on in this podcast, we have a bunch of budgeting episodes in the first 100 episodes of this podcast, if you wanna check those out. But if you're budgeting the way that we talk about budgeting here, you're starting to get ahead with your money, then this is perfect for you because you can plan out these three paycheck.
You have aged money within your budget and you can plan out these three paycheck months so that you can take full advantage of this because the faster you start to invest these dollars, the faster you can achieve financial freedom. And how amazing would it be if you didn't blow these three paycheck months and instead put it towards your financial freedom so that you can build that generational wealth and you can become completely free.
Financial independence is absolutely amazing. It will change your life and taking advantage of things like this is how you get there. Much faster. All right, the next question, this one's coming from the Gram or Insta. So how do you negotiate credit card interest? So if you haven't heard our episode or we talked to Nicole Lapin, she talks through this a little bit as well.
But really this is an episode that we talk through how you should be negotiating everything. And if you didn't know that you can negotiate your credit card interest. It is absolutely something you can do. Now, the worst thing that your credit card company can do is say no. There's two times to do this.
One is if you're not in credit card debt, you can negotiate your credit card interest. And make sure that it's as low as possible and it just takes a phone call. We'll walk through the steps here in a second, but secondly, if you are in credit card debt, it is way more imperative for you to be able to do this to lower that interest rate.
If you have some sort of credit card where you can't transfer the funds, or it's not transferrable to maybe a 0% interest rate or APR credit card, then this is something where you definitely wanna do this and you. Do this with some dramatic fashion. Get a little dramatization in here. Put your best actor or actress face on so that you can go through this process and really start to hit the feels for whoever is on the other side of the card.
So if you don't know what your APR is or the interest rate on your credit card is the percentage of interest that you are paying to have this debt in place on a credit card and it is a pants on fire emergency. You need to get rid of credit card interest as fast as you possibly can. Why? Because it is compound interest working in reverse against you.
Is an interest rate that is going to destroy your wealth building ability and it really just shocks the momentum that you have when you start to build wealth. So getting rid of credit card interest is something you definitely wanna do. Now we have a free debt course. If you have no idea how to get outta debt, we have a free debt course that we offer to you.
Go to master money.co/debt course and this will show you. A step-by-step plan. It's under an hour. You can learn exactly how to do this as well. But here are the steps to negotiating your credit card. Apr, your credit card interest. So you're gonna take out that credit card that you actually swiped maybe one too many times, or the credit card that you are responsible with, and you can call your credit card company.
There's a number on the back of that card, so when you get on this phone call, you wanna make sure that you are getting to the right person. Sometimes they transfer you around a little bit, but make sure you are getting your right person who can actually make a decision. And if someone is rejecting you, ask for a manager.
See if you can get someone at a higher level to see if you can start this process all over again. Now, step two is you're gonna ask them to lower your apr. And again, when you do this, they might transfer you to a couple different places, but just be patient and try to get to the right person. Step three, they're gonna ask you why you want this lowered.
So you can get theatrical here, but you wanna make sure that you have some solid reasons in place on why you wanna lower that interest. Just because you want it lowered is not the best reason overall, but a lot of people that we've talked through doing this have gotten their interest rate lowered a few percentage points.
2, 3, 4, 5 is the highest I've heard where you can get that interest rate lowered down so that you're not paying so much. And then step four, this is the reality of this situation, is they either are gonna lower it. or they won't lower it, but at the same time, it is worth asking because the worst that they can do is say no.
Now, if you have a credit card interest payment that is really, really high, consider transferring it to a zero balanced credit card, meaning that it has either a 0% interest rate or a much lower interest rate so that that debt is not killing you, then prioritize your dollars towards paying down that debt.
You need to take advantage of this. You need to take ownership of this and. Focus on paying off high interest debt. Now, this is not for something like low interest debt like a mortgage for example, that has a 4% interest rate. What I'm talking about here is high interest debt, anything above 6%, and really truly, if you have any debt above 10%, you are really have an emergency here and you need to get rid of this as fast as you possibly can.
So high interest debt. Needs to be taken care of. And this is one way that you can look at that. And if you can't do that, then look for 0% balance transfer cards and see if you can do that instead, so that you can consolidate this debt in one place and have a much lower interest rate, or not pay interest at all so that you can pay down that debt even faster.
All right, the next one is from Insta. So it says, is it worth it to buy a house with 20? And paying pmi. So what I'm gonna do here is I'm gonna lay out some of the reasons why I absolutely hate pmi. But at the same time, there are some situations, especially right now when housing costs are really, really high, sometimes you could be trying to save up for a down payment on a house, saving that 20% up, and it feels like it is impossible to actually catch up, to save enough because housing prices keep rising.
Meaning that you have to save even more money, get it that 20% point, and that is just a difficult situation to be in. So I'm gonna show you. Different scenarios here where it may be okay for you to pay less than 20% down, pay that pmi, but you need to understand the ramifications of doing this. So the reason why we put 20% down is for two reasons.
If you're unfamiliar with buying a house, the first reason is you avoid pmi, which what PMI is, it's private mortgage insurance. It is additional insurance that you have to pay on your mortgage if you. Put 20% down. So if you get something like an FHA loan or you use a traditional loan and you do not put down 20% on that house, then you are going to have to pay pmi.
And what it is, it's, it's truly just like throwing money away. I mean, that's truly what it is. But sometimes there is no other way to do this. Now, the second reason that you put 20% down is to make sure that you are not underwater on your house immediately. So you could think of something like 2007, 2008 where a bunch of people were buying houses at really high prices.
All of a sudden the market dropped. And if you did not put 20% down, you were completely underwater right away. So 20% down helps you not be underwater, even though your total cost is completely underwater. And that's one thing we're gonna talk about as well here on a future episode. You gotta understand.
Total cost is when you buy a house. TCO or total cost of ownership is a very important metric to understand because houses, we've talked about this a couple times on this podcast already, houses are not that great of assets when they are your personal residence. So here is the scenario when maybe this would be okay, and I'm putting maybe in an asterisk here because really I'd rather you do it with 20% down.
But if you cannot do it and you wanna look at something like an FHA loan, or maybe you wanna just do a lower down. Then here is the scenario where this would actually work. So our rule for housing is it needs to be 30% or less of your net income when you are spending that money on housing. This is very important caveat to understand here, 30% or less of your net income.
Why? Because if you spend any more than that, you will be house poor unless you are adjusting in other. Maybe you live in a city and in that city you don't pay any transportation costs because you don't need a car. Well, that would be a scenario where you could spend a little more on housing and still be okay because housing costs more in cities.
So say you live in New York City, you ride the subway, and your transportation costs are much lower than someone who has a car payment. They have car insurance and they have all these other things, then maybe you can pay a little more for. But your housing costs, as a rule of thumb in most situations, needs to be 30% or less of that net income.
You gotta be able to follow this, and really we want it below 25%, and if you want to achieve financial independence as fast as you possibly can, keeping it at 20 or below is also a key. Now, if this is your first home, this is the scenario where you can do this. The reason why, if it's your second home, I do not want you putting less than 20% down.
Why? Because people who buy their second home can roll the equity from the first home into the second home. So this is an option where if it is your very first home, it is a very difficult time right now to be able to buy a house. But listen, I know human psych. Most people are going to do it anyway. So you making sure you're in the right financial situation first is very important.
So if it's your first time home, you can consider this as long as the payment is 30% or less of your net income. If it's your second home, then you need to either roll that equity and have that 20% down payment. Into that house. Those are the instances why it makes sense. Now, here's why I hate pmi. Number one is cost.
It's an additional cost that you have to pay every single month within your mortgage, and that's cost. That is taking away from your wealth building activities or taking away from things that you wanna do with your money. It's just an additional cost that you are going to have to be paying every single month.
Number two, it's just no longer deductible. So up until 2017, PMI was tax deductible. It is now no longer tax deduct. You're just giving money away. You're just throwing money into the wind and you get no additional benefit out of it. This doesn't help your home appreciate. It doesn't help bring value into your home.
It doesn't help bring value into your financial life. You are just literally setting money on fire. Number five is PMI is very hard to cancel. In fact, it is one of those things that even when your equity tops 20%, You sometimes will still have to pay PMI specifically, it depends on your lender. So one thing you want to note is when you are buying your house, you wanna see what does the fine print say when I'm getting this mortgage?
And then lastly, your payment could go on and on and on. Meaning some lenders are actually going to require you to maintain that pmi. Even when your equity gets above that 20%, they're gonna require you to maintain that PMI for even a longer period of time. And sometimes they set parameters. In the contract.
So sometimes it could be up to 15, 20, 25 years that you have to maintain that PMI so you can have this additional payment that goes on and on and on. So these are just some things to note about pmi, your PMI insurance so that you understand what the ramifications are, what you're up against, and making sure that you read that fine print.
Make sure you always read the fine print when it comes to these additional items that mortgage companies want you to have. Within in order to get that mortgage.
Andrew is positive, engaging, and straightforward. As someone who saw little light at the end of the tunnel, due to poor saving/spending habits, I believed I would be entirely too dependent on Social Security. Andrew shows how it’s possible to secure financial freedom, even if you’ve wasted the opportunities presented in your youth. Listened daily on drives too and from work and got through 93 episodes in theee weeks.
This podcast has been exactly what I have been looking for. Not only does it solidify some of my current practices but helps me to understand the why and the ins-and-outs to what does work and what doesn’t work! Easy to listen to and Andrew does a great job and putting everything in context that is applicable to everyone.
Excellent content, practical, straight to the point, easy to follow and easy to apply! Andrew takes the confusion, complexity and fear as a result (often the biggest deterrent for most folks) out of investing and overall money matters in general, and provides valuable advice that anyone can follow and put into practice. Exactly what I’ve been looking for for quite some time and so happy that I came across this podcast. Thank you, Andrew!
Absolutely a must listen for anyone at any age. A+ work.
Absolutely love listening to this guy! He has taken all of my thoughts and questions I’ve ever had about budgeting, investing, and wealth building and slapped onto this podcast! Can’t thank him enough for what I’ve learned!
I discovered your podcast a few weeks ago and wanted I am learning SO MUCH! Finance is an area of my life that I’ve always overlooked and this year I am determined to make progress! I am so grateful for this podcast and wish there was something like this 18 years ago! Andrew’s work is life changing and he makes the topic fun!
You know there’s power when you invest your money, but you don’t know where to start. Your journey starts here…
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