The Personal Finance Podcast

Pay Off Debt or Keep Investing? (Money Q&A)


Listen Later

In this episode of the Personal Finance Podcast,  we are going to do a Money Q&A about  should you pay off debt or keep investing.


Today we are going to answer these questions! 


Question 1:

How do I handle high expense ratios in my child’s Roth IRA? Should I switch vendors, change funds, or stay the course?

Question 2:

How do I get smarter about small business finances—write-offs, taxes, and making better financial decisions?

Question 3:

Is disability insurance worth it? Who really needs it and what should I look out for in a policy?

Question 4:

With $150K in student loans and a strong investment strategy, should I focus on paying off debt or keep investing?

Question 5:

As I start a web design side business in California, should I create an LLC or a Corporation—and what should I consider long term?

 


How Andrew Can Help You: 

  • Listen to The Business Show here.
  • Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goals" is your pathway to a future where your aspirations are not just wishes but realities. Enroll now and make this year count!
  • Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here!
  • Learn to invest by joining  Index Fund Pro! This is Andrew’s course teaching you how to invest! 
  • Watch The Master Money Youtube Channel! ,
  • Ask Andrew a question on Instagram or TikTok
  • Learn how to get out of Debt by joining our Free Course 
  • Leave Feedback or Episode Requests here
  • Car buying Calculator here

  • Thanks to Our Amazing Sponsors for supporting The Personal Finance Podcast.

    • Shopify: Shopify makes it so easy to sell. Sign up for a one-dollar-per-month trial period at  shopify.com/pfp
    • Chime: Start your credit journey with Chime. Sign-up takes only two minutes and doesn’t affect your credit score. Get started at chime.com/
    • Thanks to Fundrise for Sponsoring the show! Invest in real estate going to fundrise.com/pfp
    • Thanks to Policy Genius for Sponsoring the show! Go to policygenius.com to get your free life insurance quote.
    • Go to https://joindeleteme.com/PFP20/ for 20% off!
    • Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at Indeed.com/personalfinance
    • Turn your business dream into reality! Apply now at www.oneday.org/pfp 
    • Go to Acorns.com/pfp and start automating your investments and get a $5 bonus today!
    • Delete Me: Use Promo Code PFP for 20% off!
    • Shop Data Plans and Save Big at mintmobile.com/pfp 

    •  Relevant Episodes: 

      • From 100K in Debt to Building Generational Wealth as a Couple with Josh and Ali (The FI Couple)
      • How to Go from in Debt to Millionaire in 10 Years with George Kamel
      • How to Never Go In Debt During The Holidays Again - Money Q&A
      • How I would Invest Large Sums of Cash - Money Q&A
      • How to Invest In Yourself and Earn More (THIS YEAR!)

      • Connect With Andrew on Social Media: 

        • Instagram 
        • TikTok
        • Twitter 
        • Master Money Website 
        • Master Money Youtube Channel 


           Free Guides:  

          • The Stairway to Wealth: The Order of Operations for your Money 
          • How to Negotiate Your Salary 
          • The 75 Day Money Challenge 
          • Get out Of Debt Fast 
          • Take the Money Personality Quiz

          • Learn more about your ad choices. Visit megaphone.fm/adchoices

            ...more
            View all episodesView all episodes
            Download on the App Store

            The Personal Finance PodcastBy Andrew Giancola

            • 4.7
            • 4.7
            • 4.7
            • 4.7
            • 4.7

            4.7

            1,357 ratings


            More shows like The Personal Finance Podcast

            View all
            Afford Anything by Paula Pant | Cumulus Podcast Network

            Afford Anything

            3,547 Listeners

            Money Girl by QuickAndDirtyTips.com

            Money Girl

            1,857 Listeners

            Money Guy Show by Brian Preston and Bo Hanson

            Money Guy Show

            3,210 Listeners

            The Stacking Benjamins Show by StackingBenjamins.com | Cumulus Podcast Network

            The Stacking Benjamins Show

            1,984 Listeners

            Your Money, Your Wealth by Joe Anderson, CFP® & Alan Clopine, CPA of Pure Financial Advisors

            Your Money, Your Wealth

            794 Listeners

            ChooseFI by ChooseFI

            ChooseFI

            5,127 Listeners

            NerdWallet's Smart Money Podcast by NerdWallet Personal Finance

            NerdWallet's Smart Money Podcast

            831 Listeners

            BiggerPockets Money Podcast by BiggerPockets

            BiggerPockets Money Podcast

            3,087 Listeners

            Earn & Invest by Jordan Grumet (Doc G)

            Earn & Invest

            436 Listeners

            DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing by Quint Tatro & Daniel Czulno, CFP® a passionate look at everything money from budgeting, savings, investing, stocks, bonds, debt. For those that enjoy Dave Ramsey, Jill On Money, Smart Money, BiggerPockets it’s worth a listen!, Bleav

            DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

            890 Listeners

            Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance) by Ari Taublieb, CFP®, MBA

            Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)

            557 Listeners

            All the Hacks: Money, Points & Life by Chris Hutchins

            All the Hacks: Money, Points & Life

            1,614 Listeners

            Catching Up to FI by Bill Yount & Jackie Cummings Koski

            Catching Up to FI

            344 Listeners

            Rich Habits Podcast by Austin Hankwitz and Robert Croak

            Rich Habits Podcast

            470 Listeners

            Wealthy After 40: Personal Finance, Budgeting, Retirement Planning, Savings, Spending, Financial Freedom, and How to Retire for Gen Xers by Dalene Higgins - Money Coach, Retirement Coach, CEO

            Wealthy After 40: Personal Finance, Budgeting, Retirement Planning, Savings, Spending, Financial Freedom, and How to Retire for Gen Xers

            30 Listeners