EP154 – Should you self insure your auto insurance?; Can you get rich making less than $100k per year?; Tips for new real estate agents

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We begin with a little financial talk on what the Island Boys should be doing with their new-found fame money before the flame runs out. We then get into your questions and comments!

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So I’m new to the group probably a month or so ago and I ve always seen these little videos about if you allocate $150 a month for 8 yrs to an account and have the compounding interest that by time you retire you’ll have a good amount of cash in the bank. My question is which account do you put the money in or any ideas? I’m finally at the point where I can do it , just looking for the right place to put the money


Question for Amanda. My wife is going to school for her Real Estate license and I wanted to know some tips honestly that could get her a jump start for when she begins. Asking this early in case some of the tips take time.


How do you feel about being self insured for your auto insurance?


Can someone who makes less than 100K per year become well off or rich without significantly increasing their income if they invest properly? I’m 44, unmarried, no kids. Earn $80K. Have $35K left in student loan debt.

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