My buddy Joe Saul-Sehy, host of the Stacking Benjamins podcast, joins me this week for another episode of “Ask Paula (and Joe!)” — in which we workshop through questions that came from you, the Afford Anything community.
This week, Joe and I answer questions such as:
- I’m getting a $2,500 tax refund. Should I use this to invest, repay debt, or upgrade my home?
- I’m debt-free (except a reasonable mortgage) and maxing out my retirement accounts. What else should I be doing?
- I’ve started savings accounts for my two daughters, ages 3 and 6, so that they can access this money for big-ticket expenses when they’re young adults. How should I invest this money?
- I’m interested in socially responsible investing. What specific funds should I look at?
- What’s your opinion of high-dividend ETFs?
- What’s your opinion of using whole life insurance as a ‘creative’ wealth-building strategy?
Enjoy!
— Paula
P.S. If you’d like to ask a question for a future episode, leave a voicemail here.
Resources Mentioned:
- Digit
- Tip Yourself
- I Don’t Know How to Start Investing and I’m Afraid of Making Expensive Mistakes – Afford Anything article; contains information on HSA
- Morningstar.com
- iShares – IVV
- iShares – DSI Socially Responsible ETF
- Calvert Funds – Calvert Equity Fund
- SPYD
- iShares – Core HDV
Thanks to our sponsor, Freshbooks!
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