617-Friday Q&A: Giving Money to Poor People, Contributing My Salary to my Wife's 401(k), Protecting Investment Accounts, Buying Term Life Insurance while FI, etc!
1:45 - How can I give nice gift to people who are poorer than I am without creating a power imbalance?
15:20 - Can I contribute my salary into a 401(k) plan for my wife in order to maximize our retirement account contributions?
28:05 - How can I protect my non-qualified investment accounts that are exposed to the claims of creditors?
44:30 - I don't "need" term life insurance because I'm financially independent. Should I still buy some?
51:00 - I'm following Dave Ramsey's baby steps and am almost out of debt; should I store up my emergency fund in a Roth IRA?
56:00 - I want to buy an investment that will pay for my new car instead of just burning all my cash on the car. How do I do that?
(For the context of any time-relevant comments relating to current events, this Q&A was recorded on 12/19/2018.)
516-Don't Let Your Pursuit of Money Ruin Your Life
Money is important. But it's not #1.
Joshua
- On the Importance of Putting First Things Firstby JD Roth
- Support RPF on Patreon: www.radicalpersonalfinance.com/patron
463-The Usefulness and Prioritization of Money in the Seasons of Your Life
Poverty is hard. Money helps to make life less hard. But, in our modern world, it's hard to figure out how much money is enough.
As you go through the seasons of your life the usefulness of money will wax and wane.
Money comes with a cost: time, labor, risk, attention.
You need to think carefully about the season of your life you're in and consider the unique value of money during this particular season.
Joshua
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