Let’s kick off the week with some fresh listener questions we have lined up for you! And don't just stand on the sidelines- if you have a question you’d like us to answer, toss your voice memo our way. It only takes about 90 seconds to record and you can find a step by step guide over at HowToMoney.com/ask . Regardless of how random or bizarre you might think it is, we want to hear it!

 

1 - Accelerated Mortgage Payoff - is velocity banking a smart way to quickly pay off my mortgage?

2 - Donor Advised Funds - do I get to deduct more from my taxes if my donor advised contribution grows after investing?

3 - Retirement Investing - am I better off contributing to my Roth IRA or my employee sponsored 457b?

4 - Medical Bills - should I take an offer for a medical bill discount by paying before the end of the year, or is there a better option?

5 - Life Insurance - I already have rental properties and a 401k that my baby could inherit so do I also need life insurance?

 

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:
We talked about Donor Advised Funds in depth with Adam Nash.
If you’re looking for the best place to open a donor advised fund then look no further than Joel’s review of Daffy.
A great physical fitness newsletter by friend of the pod, Drew: Move To Improve
Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here. 
Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
Join a thriving community of fellow money in the HTM Facebook group.
Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.

 

During this episode we enjoyed an Automatic IPA by Creature Comforts! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

 

Best friends out!

Let&rsquo;s kick off the week with some fresh listener questions we have lined up for you! And don't just stand on the sidelines- if you have a question you&rsquo;d like us to answer, toss your voice memo our way. It only takes about 90 seconds to record and you can find a step by step guide over at <a href="https://www.howtomoney.com/ask/">HowToMoney.com/ask</a> . Regardless of how random or bizarre you might think it is, we want to hear it!
&nbsp;
1 - Accelerated Mortgage Payoff - is velocity banking a smart way to quickly pay off my mortgage?
2 - Donor Advised Funds - do I get to deduct more from my taxes if my donor advised contribution grows after investing?
3 - Retirement Investing - am I better off contributing to my Roth IRA or my employee sponsored 457b?
4 - Medical Bills - should I take an offer for a medical bill discount by paying before the end of the year, or is there a better option?
5 - Life Insurance - I already have rental properties and a 401k that my baby could inherit so do I also need life insurance?
&nbsp;
Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:
<ul>
<li aria-level="1">We talked about <a href="https://www.howtomoney.com/personal-finance-for-geniuses-w-adam-nash/">Donor Advised Funds</a> in depth with Adam Nash.</li>
<ul>
<li aria-level="2">If you&rsquo;re looking for the best place to open a donor advised fund then look no further than <a href="https://www.howtomoney.com/daffy-review/">Joel&rsquo;s review of Daffy.</a></li>
</ul>
<li aria-level="1">A great physical fitness newsletter by friend of the pod, Drew: <a href="https://movetoimprove.beehiiv.com/">Move To Improve</a></li>
<li aria-level="1">Knowing your &lsquo;money gear&rsquo; is a crucial part of your personal finance journey. <a href="https://www.howtomoney.com/start-here/">Start here.</a>&nbsp;</li>
<li aria-level="1">Sign up for the weekly <a href="https://www.howtomoney.com/newsletter/">HTM newsletter</a>. It&rsquo;s fun, free, &amp; practical.</li>
<li aria-level="1">Join a thriving community of fellow money in the <a href="https://www.facebook.com/groups/1623670287732189">HTM Facebook group.</a></li>
<li aria-level="1">Massively reduce your <a href="https://www.howtomoney.com/choosing-the-best-cheap-cell-phone-plan/">cell phone bill</a> each month by switching to a discount provider like Mint Mobile.</li>
</ul>
&nbsp;
During this episode we enjoyed an Automatic IPA by Creature Comforts! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you&rsquo;re not already a regular listener, and <a href="https://podcasts.apple.com/us/podcast/how-to-money/id1337718773?mt=2">give us a quick review in Apple Podcasts</a> or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!
&nbsp;
Best friends out!

Best friends Joel and Matt are the co-hosts of How to Money which is all about providing the knowledge & tools that normal folks need to thrive in areas like debt payoff, DIY investing, and crucial money tricks that will provide continuous help along your journey. We believe that access to unbiased and jargon-free personal finance guidance is more necessary than ever before. When you handle your money in a purposeful, thoughtful way that works for your lifestyle, you can really start living a rich life.

How to Money

Ask HTM – Mortgage Payoff Loophole, DAFs to Maximize Tax Deductions, and Legally Evading a Medical Bill #1069

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/554acb7f-99a4-46a3-b95d-b3a5013b293a/transcript