Roth 401(k) vs. Traditional 401(k): Which Saves You More? 💰 Here’s the difference (and how to choose) 👇 🟨 Traditional 401(k): – Contributions are tax-deductible now – You pay taxes later in retirement 🟪 Roth 401(k): – Pay taxes now – Withdraw tax-free in retirement So… which one saves more?…
In this episode of the Personal Finance Podcast, we are going to talk about the smart money habits that made ordinary people millionaires with Tom Corley. How Andrew Can Help You: Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per…
Most People Don’t Know Their Net Worth — Do You? Here’s how to calculate it — and why it matters 👇 🧮 Net Worth = Assets – Liabilities In other words: 💰 What you own (cash, investments, home equity) ➖ 💸 What you owe (credit cards, loans, mortgage) You might…
In this episode of the Personal Finance Podcast, we are going to talk about how to lower every bill in 60 Days. How Andrew Can Help You: Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here https://bit.ly/3RSGhUH Learn…
Leaving your job? Don’t make this $10,000 mistake with your 401(k) 💀 Here’s what happens — and what not to do 👇 ✅ Option 1: Leave it where it is (if allowed) ✅ Option 2: Roll it over to your new employer’s 401(k) ✅ Option 3: Roll it into an…
This “boring” investing strategy beats most experts 🤯 It’s called Dollar Cost Averaging, and here’s why it works 👇 Instead of trying to time the market, you invest a fixed amount of money on a regular schedule — whether prices are up or down. ✅ You buy when prices are…
These U.S. states bring in the biggest paychecks 💵📊 Ever wonder where people are earning the most? This list breaks down the states with the highest average net income — but there’s a twist… 💡 High income doesn’t always equal high wealth. Some of these states have a sky-high cost…
Debt doesn’t vanish when you say “I do.” Before marriage (or even now if you’re already married), you need to know exactly what debts each person is bringing in—student loans, credit cards, car payments, personal loans. Once you’re managing money together, their debt becomes your debt, so take ownership and…
New to investing? These ETFs are a great place to start 📈 You don’t need to pick individual stocks or become a market expert to build wealth. These beginner-friendly ETFs offer: ✅ Instant diversification ✅ Low fees ✅ Solid long-term performance 💡 Just automate your contributions and let compounding do…
The most underrated wealth hack? An HSA. 💰 It’s not just for medical bills — it’s a triple tax-advantaged account (yes, triple): 1. Tax-free contributions 2. Tax-free growth 4. Tax-free withdrawals (for qualified medical expenses) Invest your HSA, let it grow for years, and use it for future health costs…
From day one of marriage—even when broke—this couple chose to combine all finances (bank accounts, brokerage, savings), and they still do. The speaker believes shared finances help build trust, alignment, and long-term success, with retirement accounts being the only exception for legal reasons.
This Country Has the Richest Households — and It’s Not the U.S. These are the countries with the highest average net worth 💰🌎 But here's the twist: Averages can be wildly misleading. In the U.S., the median net worth is way lower than the average — which means most people…
In this episode of the Personal Finance Podcast, we are going to talk about 22 things broke people waste money on. How Andrew Can Help You: Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here https://bit.ly/3RSGhUH Learn to…
What Is a Target Date Fund A target-date fund is a simple investment designed to grow your money until a specific retirement year, like 2050 or 2065. You pick the fund closest to the year you plan to retire, and it automatically adjusts for you over time: Starts out aggressive…
Most People Don’t Understand Their 401(k) Match — Here's Why That’s Costing Them If you make $50,000 and contribute 6% to your 401(k) = $3,000 If your employer offers a 50% match = $1,500 free That’s a guaranteed 50% return — better than any investment. And some companies match 100%.…
In this episode of the Personal Finance Podcast, we are going to talk about should I take on debt to start my dream business on the side? Today we are going to answer these questions: Question 1: Should I risk $40K from my home equity to launch my dream tutoring…
The 3 Best ETF's For Beginners! If you're just starting out, picking your first investment can feel overwhelming. You don’t need to pick stocks, time the market, or become a finance expert. You just need a few simple ETFs that give you instant diversification, low fees, and steady long-term growth.…
The Average Roth IRA Balance By Age Might Surprise You Most people assume they are behind because they see others flaunting success But the truth is, the average Roth IRA balance is lower than you think across every age group That means: -You are not behind -You still have time…
Retirement Isn’t an Age (It’s a Number) Most people think retirement happens at 65. Wrong. It happens when you hit your freedom number. 👉 Step 1: Figure out how much you want to spend each year in retirement. 👉 Step 2: Multiply that by 25 (the 25x Rule). Example: $80,000/year…
What Is a Brokerage Account? A brokerage account is an investment account that lets you buy and sell assets like: -Stocks -Index funds -ETFs -Bonds It’s the most flexible way to invest because: ✅ There are no income limits ✅ You can withdraw anytime (though there may be taxes) ✅…
Think you're behind on retirement? Let’s talk 401(k)s. Most people don’t realize how little the average American has saved for retirement, especially in their 401(k). The truth? The average balance by age is much lower than you think. That means: -You’re probably not as far behind as you feel -Most…
In this episode of the Personal Finance Podcast, we are going to talk about the five Side Hustles that can turn into a full-time business, part two. How Andrew Can Help You: Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less…
What Is a 401(k) and How Does It Work? A 401(k) is a retirement account you open through your employer. It lets you invest before taxes are taken out of your paycheck, which means you save more and pay less in taxes today. Here’s how it works: 👉 You contribute:…
What is the average net worth BY AGE? Most people have no idea what their net worth should be, so they never check. But here’s the truth: Your net worth is the best snapshot of your financial health. It’s not your income. It’s not your credit score. It’s what you…
