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Should I Invest My Bonus All At Once or Over Time? - Money Q&A
Manage episode 439322307 series 2792653
In this episode of the Personal Finance Podcast, we're going to do a Money Q&A about should I invest my bonus all at once or over time?
Today we are going to answer these questions!
Question 1: Should I use the dollar cost average or invest my bonus as a lump sum?
Question 2: Should I Replenish My Emergency Fund
Question 3: What are the steps to take after closing on a house?
Question 4: How Should I Rollover Funds From a Financial Advisor?
How Andrew Can Help You:
- 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.
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
- Monarch Money: Get an extended 30 day free trial at monarchmoney/pfp
- Thanks to Fundrise for Sponsoring the show! Invest in real estate going to fundrise.com/pfp
- Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at Indeed.com/personalfinance
- Thanks to Policy Genius for Sponsoring the show! Go to policygenius.com to get your free life insurance quote.
- The Personal Finance Podcast is sponsored by BetterHelp. Go to betterhelp.com/pfp and get 10% off your first month.
- Delete Me: Use Promo Code PFP for 20% off!
Links Mentioned in This Episode:
- The Back Door Roth IRA (How High Earners Can Get Money Into a Roth IRA!)
- The Mega-Back Door Roth IRA (How to Get an Extra $43,500 in Your Roth!)
- 6 Ways to Access Your Retirement Funds Early with Jeremy Schneider (From Personal Finance Club!)
- How to Pay No Taxes in Early Retirement, Debunking the Mortgage Fee Fiasco, and More! With Katie Gatti (From Money With Katie!)
Connect With Andrew on Social Media:
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
369 епізодів
Manage episode 439322307 series 2792653
In this episode of the Personal Finance Podcast, we're going to do a Money Q&A about should I invest my bonus all at once or over time?
Today we are going to answer these questions!
Question 1: Should I use the dollar cost average or invest my bonus as a lump sum?
Question 2: Should I Replenish My Emergency Fund
Question 3: What are the steps to take after closing on a house?
Question 4: How Should I Rollover Funds From a Financial Advisor?
How Andrew Can Help You:
- 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.
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
- Monarch Money: Get an extended 30 day free trial at monarchmoney/pfp
- Thanks to Fundrise for Sponsoring the show! Invest in real estate going to fundrise.com/pfp
- Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at Indeed.com/personalfinance
- Thanks to Policy Genius for Sponsoring the show! Go to policygenius.com to get your free life insurance quote.
- The Personal Finance Podcast is sponsored by BetterHelp. Go to betterhelp.com/pfp and get 10% off your first month.
- Delete Me: Use Promo Code PFP for 20% off!
Links Mentioned in This Episode:
- The Back Door Roth IRA (How High Earners Can Get Money Into a Roth IRA!)
- The Mega-Back Door Roth IRA (How to Get an Extra $43,500 in Your Roth!)
- 6 Ways to Access Your Retirement Funds Early with Jeremy Schneider (From Personal Finance Club!)
- How to Pay No Taxes in Early Retirement, Debunking the Mortgage Fee Fiasco, and More! With Katie Gatti (From Money With Katie!)
Connect With Andrew on Social Media:
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
369 епізодів
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