We have a great lineup of your social media questions. We have received so many positive comments about these episodes. If you have a question for us please email to podcast@rocklandusa.com
QUESTION 1
Very basic question but I’m just getting started in investing! What is the difference in VTSAX and SPY and why is one better than the other? I know VTSAX has a .04 expense ratio. Does SPY have any “expense”? I am planning to hold this for my retirement (40 years from now). Thank you!
QUESTION 2
I don’t have a car. With the next stimulus check, should I buy a car or pay down my debt. I’d only have $1,470 left of debt after that.
QUESTION 3
Need Help. I have my eye on a house. The price had dropped a lot due to high HOA fee ($725/month YIKES! I KNOW). But the house is so cheap because it’s been on the market for 6 months, due to to high the HOA fee. I can get a 10 year mortgage & pay it off in 7 years. But I’ll be stuck with that HOA. Is the house worth buying?
QUESTION 4
What is the best way to maintain your value in vehicles? Do you regularly save and trade-in/sell to stay close to a value range? Or, do you “ride it til it dies” and squeeze all the value out you can?
QUESTION 5
I’m looking to save money on groceries. What are your go to money saving tricks? Any extreme couponing advice or resources would be great!
QUESTION 6
I have my emergency fund. I have my 6 months of living expenses. Now what I am lacking is the will power to stop buying stuff I don’t need. I have a problem, an addiction to shopping. It’s cash not cc but nonetheless I could be doing so much more with the money I spend on meaningless stuff.
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