Want to retire rich? Here’s the exact 401(k) strategy I’d use to build long-term wealth: 1️⃣ Contribute enough to get your company match — that’s free money. Never leave it on the table. 2️⃣ Max out your Roth IRA — in 2025, you can contribute up to $7,000 if you're…
Most people can only put $7,000 into a Roth IRA in 2024. But there’s a little-known strategy that lets high earners contribute up to $70,000: It’s called the Mega Backdoor Roth. No income limits. Huge tax-free growth potential. And a powerful wealth-building strategy for high earners. 👉 Follow @mastermoneyco for…
Most people only use their HSA for doctor’s appointments or prescriptions. But it can actually pay for way more than you think: 🍼 Baby items 🦷 Dental work 👓 Glasses and contacts 💊 Cold medicine 🧴 Sunscreen + more Here’s why your HSA is so powerful: ✅ Tax-free contributions ✅…
Still One of the Smartest Ways to Budget The 50/30/20 rule has been around for years… and there’s a reason it stuck. If you don’t know where your money is going each month, start here. 🔹 50% → Needs (Rent, groceries, bills) 🔹 30% → Wants (Dining out, shopping, travel)…
What Wealthy People Do After Maxing Out Their 401(k) 💸 Here’s what the wealthy do next: 1️⃣ Max out your HSA (if you’re eligible) Triple tax advantage + can double as a stealth retirement account 2️⃣ Open a Roth IRA More tax-free growth — and flexible withdrawal rules 3️⃣ Start…
In this episode of the Personal Finance Podcast, we are going to talk about level up your finances with the Wealth Ladder with Nick Majuli. 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…
The Best Age to Open a Roth IRA (It’s Sooner Than You Think) 🗓 Want to retire rich? Then don’t wait to open a Roth IRA. Here’s the truth: 📆 The best age to start a Roth IRA is… As soon as you have earned income. Even if you're 16.…
Index Funds: The One Investment That Beats 90% of the Pros 💥 And you don’t need a finance degree to use it. It’s called an index fund — and here’s why it works: ✅ It owns hundreds (or thousands) of companies ✅ It tracks the whole market (like the S&P…
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…
Your future self will thank you for this one small move. 💸 Albert Einstein called this the 8th wonder of the world… And it can turn $1,000 into $7,612 — without lifting a finger. ☝️ Here’s how: ➡️ Invest $1,000 ➡️ Let it grow at 7% a year ➡️ Wait…
VTSAX vs. VTI: What’s the Difference? 📉 They invest in the exact same stocks... So why do they feel different? Here’s the breakdown: 💼 VTSAX – Mutual fund – $3,000 minimum – Trades once per day – Great for automatic deposits 📊 VTI – ETF – No minimum – Trades…
Net Worth Percentiles in America (You Might Be Shocked)🇺🇸📊 Here’s what the Federal Reserve’s latest data says 👇 Most people guess way higher than where they actually land. You don’t need to be in the top 1% to build wealth — just track your net worth and grow it over…
FSA vs. HSA — here’s the difference 👇 Both help you save on healthcare, but they work very differently. 🩺 FSA: – Use it or lose it – No investing – Tied to employer – Lower limit 💸 HSA: – You keep it forever – You can invest it –…
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.
