MONEY Is it a good idea to run a balance or pay a credit card late so you'll incur interest and therefore, hopefully, raise your credit score? Is peer-to-peer lending a good business model? Is it a good idea to have multiple IRA accounts in various banks and investment firms? Tom answers your email and brings you answers.
Here is the article Tom referred to regarding trying to build your credit by letting the balance ride: Millions of Americans Make a Costly Mistake When Paying Credit Card Bills.
Write Tom with your money questions and your feedback: email@example.com.
MONEY A benefit of Costco you've probably never used and that you may not even know about, Tom officially reaches an investing milestone, email from a listener who wants you to know what "fiduciary responsibilities" are, questions answered about 401(k)s and IRAs.
Links Tom refers to on this episode:
- The Costco Auto Program https://www.costcoauto.com
- The National Association of Personal Financial Advisors https://www.napfa.org
- The Vanguard Group www.vanguard.com
Send your money comments and questions for future episodes to: firstname.lastname@example.org.
MONEY MAIL: we were deluged with email after our first money podcast a week ago so, in this episode, Tom wades in and answers questions about how to devise a great career path (even if you already have a family and you still can't decide what you're really passionate about) , whether to sell Lowe's or Home Depot stock before the end of this storm season following a recent dip, whether to say "no" to family members lazier and less successful than you are who come looking for props for their bad spending decisions or for handouts, and more. During this episode, a letter writer references the book The Millionaire Next Door, which Tom has recommended many times over. Send your feedback and your money questions to Tom at email@example.com.
THE START OF OUR PODCAST ERA! This episode is all about money. The stock market dropped almost TWO PERCENT last week. What happened to your investments, your IRA, your 401(k), your 403(b)? And what should you do now? It's all here! Send your money questions to that bonafide, certified, self-made multimillionaire at firstname.lastname@example.org.