😅 6 debt payoff strategies to eliminate stress
Plus, six ways using credit cards can help you build excellent credit and save money!
Here’s what’s in today’s newsletter:
🎥 Event Replay: Get the Smart Investing Masterclass Replay!
❓ Weekly Q&A: What’s the best way to pay off debt?
✅ Things to Do: Tips to get organized, boost credit, learn about investing, and make your kid a millionaire!
🗞 In the News: Stay up to date on personal finance news + my Takeaways
📩 ICYMI: Recent newsletters you shouldn’t miss
🎙 Recent podcasts: Dig into 852+ episodes in the Money Girl archive
🤣 Favorite GIF: Reply with your favorite GIF, and it might get featured!
Hi, Friend -
A big thanks to everyone who registered for my recent Live Event:
🗓 Smart Investing Masterclass: Make Money & Achieve Financial Freedom While You Sleep! 💤 (1:18)
We had a great group with excellent questions covered in the Q&A session!
🎥 If you weren’t able to attend but want the Masterclass, click here for the Video Replay! In the 78-minute class, you’ll learn:
The investment choices you must make for financial freedom
Type(s) of investing accounts you need to build wealth
How to design a Goldilocks investment portfolio that avoids too much risk
Tips for leveraging the power of a Roth
Ways to prioritize and reach aggressive money goals
What’s in my investment portfolio and my biggest investing mistakes you should avoid!
Plus, a live Q&A session on various money topics, investing challenges, and goals!
❓ On Finance Friday shows, I answer your money questions! This week’s topic comes from Barbara, who says:
“I have quite a bit of debt, including mortgages, prep school, and college for my kids that I worry about. What’s the best way to plan and pay off debt?”
I know having a lot of debt can be stressful. In Money Girl episode 852, What’s the Best Debt Payoff Method?, I review 6 wise strategies for creating a payoff plan to help you worry less and eliminate debt faster.
As always, you can listen to the show or read the transcript.
✅ MONEY CHALLENGE: Get your finances organized with the money-planning tools and checklists my friend Marie Burns created at Mind Money Motion—they’re 50% OFF for a limited time!
🏦 Improve your credit using the tips in Money Girl 851, 6 Ways Using Credit Cards Can Build Excellent Credit, which are easy to implement and help you save money even if you never borrow a dime!
📚 Read an excellent investing book! A few of my favorites are:
The Little Book of Robo Investing: How to Make Money While You Sleep
The Millionaire Next Door: The Surprising Secrets of America's Wealthy
Die With Zero: Getting All You Can from Your Money and Your Life
🤑 Make your kid a millionaire by understanding the Roth IRA rules for minors!
🗞 Financial markets swung this week after July’s higher-than-expected unemployment numbers caused recession fears—but Wall Street rallied by Thursday, with the S&P 500 having its best day since late 2022.
➡️ TAKEAWAY: Market pullbacks are normal and shouldn’t deter you from regularly investing using a long-term, buy-and-hold strategy—investing panic doesn’t pay!
🗞 Mortgage rates drop to the lowest level in over a year to 6.47% for the 30-year fixed rate loan. While it may have resulted from an overreaction to employment data, it could prompt prospective homebuyers to move.
➡️ TAKEAWAY: Expected interest rate cuts will benefit borrowers, but savers should look to maintain the highest rates possible on bank savings and CDs.
🎧 852: What’s the best debt payoff method?
🎧 851: 6 ways using credit cards can build excellent credit
🎧 850: 5 tips for better adulting with your money
🎧 849: Can I use my retirement account to buy a home?
🎧 848: When should I do Roth conversions?
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