611-Q&A on Dollar Cost Averaging, Roth IRAs for children, Bitcoin as an Asset Protection Tool, Getting into the Financial Planning Industry
1:30-Should I dollar cost average into my Roth IRA or wait for a market downturn?
6:00-How can I get money to my child so they can make a Roth IRA contribution?
21:30-Can I do good asset protection by transferring all my money into a secret Bitcoin wallet that's kept completely offline?
34:00-Can I become a financial planner without pursuing it full-time?
583-Mega Friday Q&A: (two days early) Richest Man in Babylon, Children and F.I., Invest All at Once, Preparing for Marriage, What's Next, Etc!
Today we have a mega, 2-hour Q&A show. We cover a bunch of really interesting questions:
- How Do We Follow the Guidelines from The Richest Man in Babylon?
- I've Reached F.I. Now How Can I Help Children Do the Same?
- Should I Invest My Cash All At Once or Over Time?
- How Do I Prepare My Finances for Marriage?
- We're Out of Debt and Have Money In the Bank. What Now?
- I'm F.I. and Sold My House. What Should I Do With the Cash?
- How Can I Help Young Men?
- I'm Now an Empty Nester. Should I Buy a House for Security?
- I'm In Graduate School. Should I Get Life Insurance?
- What Should I Do With an Old Life Insurance Policy?
553-Consider the ROI You're Getting On Your Children's Education
I encourage you to carefully consider the ROI you're getting on the money and time you and your children are investing into their education. Is it paying off? Are you getting a good deal?
Joshua
p.s., I recorded this in April. It's an episode that I spiked and chose not to release (this isn't uncommon). But I changed my mind and decided to let you decide if you're interested or not. :)
495-Would My 14-Year-Old Son's Marijuana Habit Destroy My Finances if I'm Using a Healthcare Sharing Ministry Like Samaritan Ministries to Pay for My Healthcare?
Today, we handle this interesting question from a listener:
"In talking about Samaritan to a pastor-friend he threw out the scenario that your middle school age son is injured in an accident while riding in a friend's car, and the police find marijuana in the car--what happens?
When I asked a Samaritan rep about it he said their board would carefully review the situation and if they deemed that your son wasn't responsible for/aware of the pot then his injury would be covered; if he was responsible/aware then he would not be covered.
While my kids are all under 8 right now and this scenario is a ways off as a possibility for us, I'm concerned that when they reach middle/high school age I may need to look into alternatives for a couple reasons: (1) I'm not fully convinced of an investigatory board's ability to discern for sure in such a scenario what was going on and (2) while I'm teaching my kids to obey their parents and the civil authorities, they are still sinners and, growing up...
