We’ll help you navigate the maze of financial advice by highlighting which tips you should ignore, why, and what you should do instead. We discuss good and bad debt, strategic use of credit cards, renting versus owning, talking about money, investing early and often, financial planners, and much more. In this episode, we clear up common misconceptions and provide practical tips and strategies.
Liz joins this week’s podcast as we talk about:
– Avoiding debt and good debt versus bad debt
– The importance of investing early versus waiting until you’re older
– Credit cards and whether they’re evil or can be used strategically
– Why finances shouldn’t be private and how much good can come from talking about money
– Renting versus owning a home
– Buying the biggest house you can afford
– The latte factor and what we think about it
– How little you need to get started investing
– How to avoid timing the market and why dollar cost averaging is the way to go
Show References:
- Inside Out Money episode #055 – Our formula for how much to keep in your emergency fund
- friends on FIRE podcast #043 – Know and use your credit card benefits
- friends on FIRE podcast #044 – Credit Scores + Do they matter?
- friends on FIRE podcast #048 – Is Credit Monitoring worth it?
- friends on FIRE podcast #186 – Protecting your child’s identity and creating a strong credit score
- Inside Out Money podcast episode #048 – 5 cell phone hacks to save you thousands
- friends on FIRE podcast #147 – How to save on your cell phone bill
- friends on FIRE podcast #101 – Friends don’t talk about money, but they should
- Inside Out Money episode #059. Splitting Finances with Your Partner – Practical Approaches for Financial Transparency
- Liz Gets Loaded Podcast – 4.34 I was very, very wrong about life insurance
- friends on FIRE podcast #081 – Everything you need to know about life insurance
- Inside Out Money podcast #069 – Avoid these money mishaps and win long-term
- Quility
- friends on FIRE podcast #090 – Why you don’t need a financial planner
- Inside Out Money podcast #058 – Breaking up with your financial planner – Why and how to do it
- Nectarine by Personal Finance Club – Hourly Investing / Financial advice
- Liz Gets Loaded Podcast – 8.4 My honest review of Nectarine
- Inside Out Money podcast #003 – How and why to invest in index funds
- Inside Out Money podcast #039 – What’s in our Wallet? Our index funds, accounts, and more
- Inside Out Money podcast #003 – How and why to invest in index funds
- Inside Out Money podcast #039 – What’s in our Wallet? Our index funds, accounts, and more
- Inside Out Money podcast #93 – Teen Talk: Social Media Ads and Smarter Spending Habits with a Special Teenage Co-host