Mollie, a podcast listener, is making smart money moves.
She’s getting the maximum match on 403b contributions. She’s saving for a downpayment on a home. Her husband opened a Roth IRA.
What’s next?
After listening to the Jim Collins episode, Mollie wants to open a Vanguard account.
How can she balance this with other savings and investing goals? Is she spreading herself too thin?
Meanwhile, podcast listener Elizabeth is trying a little-known tactic to rebalance her portfolio.
Traditional advice tells people to rebalance by selling their gains. But Elizabeth wants to let those gains ride. She’d prefer to rebalance by buying undervalued assets.
Are there hidden dangers to her strategy?
Finally, podcast listener Chris wants to remodel his basement. He’s an aspiring Airbnb host who’d like to make extra cash by renting out part of his home. How much money should he spend on his basement remodel? Are there any good rules-of-thumb?
I tackle these questions in today’s Ask Paula episode.
Resources Mentioned:
- Should You Buy or Rent? – The Most Controversial Article on Afford Anything
- The NYTimes Rent vs. Buy Calculator
- How I’m Maximizing Rental Income through a Renovation
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Thanks to Freshbooks for sponsoring this show.
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Try them for free for 30 days by visiting Freshbooks.com/paula. When they ask, “How’d you hear about us?,” please mention this show.
