Mar 26, 2021
Sometimes we make decisions that just don’t add up. It happens all the time in the financial world as well, and it leaves us scratching our head. Today we’ll look at some examples of things we see in financial planning that don’t make sense and tell you what options you should be considering instead.
Read more and get additional financial resources here: https://johnsonbrunetti.com/podcast-episode-193-things-that-dont-make-financial-sense/
What we discuss on this episode:
1:10 – Joel’s money stuck in PayPal
3:07 – Things that don’t make sense: Driving across town to save a small amount
4:56 – Tax-free municipal bonds inside an IRA
5:55 – Living in a house that’s worth $200,000 while driving a $50,000 car
7:04 – Having the money to pay off your house but don’t because mortgage interest is the only write-off you have
9:45 – Keeping a lot of money in the bank just for security