The 401(k) is one of the primary ways that wealth is built in the United States. What I don't want you to think, though, is that the 401(k) is the ONLY way to build long-term wealth. There are a ton of other options that, at any given time, could be the best place to allocate your money. So, it is not that maxing out your 401(k) is a bad thing, but it is that there may be better ways to go about your investing process. Today, we will discuss:
1. Ways to use your money other than investing
2. Investing in IRAs and other choices
3. Why the 401(k) is STILL valuable
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Don’t forget to like, subscribe, and leave comments below as I would love your feedback. Be sure to check out my website (www.mnowithdylan.com) where you can get more information on my financial coaching services and more, the podcast of these shows if you are more of a listener than a watcher, and follow the show on any social media outlet (FB, Twitter, & Instagram) @mnowithdylan (Money’s No Object with Dylan Howell) [All links in description]. Tune in for more personal finance concepts. Don’t forget to check-in every weekday (Monday-Friday) for new videos which will be uploaded each day at 6 a.m. CDT. Thank you, guys, for tuning into this episode of Money’s No Object. I’m Dylan Howell. God Bless!
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(Please keep in mind that I am not a financial advisor. I create these videos for educational purposes only. You and only you are responsible for the investment decisions that you make.)