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EP118 – The sure fire way to make money grow; Favorite book recommendations; How to budget for a new car

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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
I’m thinking about putting some money into Vanguard or Fidelity. Is this a good time to do it with the market so high?

QUESTION 2
Books recommendation and suggestions for financial freedom literacy.

QUESTION 3
If someone with no knowledge of investing approached you and asked you for one sure fire way to help make their money grow, what would you tell them? There are many things to invest in, but what are dependable ones.

QUESTION 4
Fidelity or Vanguard for a Roth IRA invested into the S&P 500?

QUESTION 5
Hey guys, I’m in a unique situation where I don’t have/need a car, don’t pay rent, NO DEBT,  my only fixed bills are cell phone ($30) and YouTube ($12) per month, and I make close to 6 figures after taxes. I want to start saving money to invest, but I’m kind of at a loss on how much I should be spending on groceries, entertainment, hygiene, etc. and without a defined budget I find myself spending large on restaurants and other activities. Any advice or resources on what a realistic budget should look like in my situation?

QUESTION 6
I have probably a pretty dumb question but I wanted to get some other perspectives.  The last several years, we have been putting $1400/month into a savings account at our bank.  The main purpose of the funds are to be used every 4 or 5 years to purchase a new vehicle.  My question is whether it would be better to invest this money into a mutual fund or something instead of putting in a savings account with basically earns pennies.

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