How to Money - Ask HTM - Diversifying to FI, Upside Down on an RV, & Extreme Lengths to Buy a Home #937

Ask HTM - Diversifying to FI, Upside Down on an RV, & Extreme Lengths to Buy a Home #937

01/27/25 • 49 min

1 Listener

Let’s dive into the week with some fresh listener questions we have lined up for you! And don't just stand on the sidelines- if you have a question you’d like us to answer, toss your voice memo our way. It only takes about 90 seconds to record and you can find a step by step guide over at HowToMoney.com/ask . Regardless of how random or bizarre you might think it is, we want to hear it!

1 - Is a stocks only portfolio diversified enough for financial independence or do I need to include real estate?

2 - What’s the best way to get rid of an RV that I’m upside down on?

3 - Where should I park cash that I’m saving up for a down payment, or should I invest those funds?

4 - For my credit score: is credit utilization calculated on each individual card or the total credit available across all of my cards?

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:

Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.
Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
Join a thriving community of fellow money in the HTM Facebook group.
Find the best credit card for you with our new credit card tool!
Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.

During this episode we enjoyed an Ash by Humble Forager! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

Best friends out!

See omnystudio.com/listener for privacy information.

1 - Is a stocks only portfolio diversified enough for financial independence or do I need to include real estate?

2 - What’s the best way to get rid of an RV that I’m upside down on?

3 - Where should I park cash that I’m saving up for a down payment, or should I invest those funds?

4 - For my credit score: is credit utilization calculated on each individual card or the total credit available across all of my cards?

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:

Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.
Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
Join a thriving community of fellow money in the HTM Facebook group.
Find the best credit card for you with our new credit card tool!
Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.

Best friends out!

See omnystudio.com/listener for privacy information.

Previous Episode

Friday Flight - Trump 2.0, Ghost Jobs, & Insufficient Savings #936

Time for a Friday Flight- our little sampling of the week’s financial news and what it means for your personal finances. There are a lot of headlines out there, but we boil them down to specific takeaways that will allow you to kick off the weekend informed and help you to get ahead with your money. In this episode we explain some relevant and helpful stories like: NO to the cash-out refi, Trump 2.0 and your money, Melania coin, feds returning to the office, insufficient savings, ghost jobs, WFH job scammers, TOYS are a scam, why the rise of touchscreen kiosks, everyone is tipping less, ballooning escrow accounts, & apartment rents on the decline.

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:

Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.
Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
Join a thriving community of fellow money in the HTM Facebook group.
Find the best credit card for you with our new credit card tool!
Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.

And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money. Have an awesome weekend!

Best friends out!

See omnystudio.com/listener for privacy information.

Next Episode

Outside of the Box Passive Income Ideas w/ Mr. Passive #938

Vending machines are the future! That’s what Mr. Passive says, and by the way, we’re not talking about your grandpa’s vending machines full of chips and Cokes. Instead, think of eggs, some olive oil, whatever items you might be looking for in a pinch. We’re joined by Mike Hoffmann who is better known as Mr. Passive, and he is on a mission to teach folks how to generate passive sources of income with minimal hands-on effort. Just imagine... automatic recurring deposits just showing up in your inbox... that’s the dream! But of course it does take some work. Listen as we discuss how much time it takes, how Mike became a vendingpreneur, how the newest vending machines work, how much they cost, the best locations for vending machines, how much you can make, and more!

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:

Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.
Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
Join a thriving community of fellow money in the HTM Facebook group.
Find the best credit card for you with our new credit card tool!
Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.

During this episode we enjoyed a Ghost Prime by Parish Brewing! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

Best friends out!

See omnystudio.com/listener for privacy information.

How to Money - Ask HTM - Diversifying to FI, Upside Down on an RV, & Extreme Lengths to Buy a Home #937

Transcript

Speaker 100:00:00.080

Welcome to How to Money. I'm Joel, I'm Matt, and today we're answering your listener questions.

Speaker 200:00:24.160

That's all right, buddy, We've got a number of voice memos to get to during our Ask how to Money episode. Today, we're gonna hear from a listener who is looking to diversify his way to financial independence. Another listener is wondering what she should do, specifically when she is upside down on a