Search

EP169 – How you should be investing RIGHT NOW!; Buying cars in the current market; How are you dealing with inflation?

Play episode


Summer break is over and it’s now back to the questions sent into us this week with a common theme around the rising cost of living, looming inflation, gas prices, housing markets, stock market and more. We have received so many positive comments about these episodes. If you have a question for us please email to podcast@rocklandusa.com

**This post may contain affiliate links, and we may be compensated if you make a purchase after clicking on the affiliate and/or partner links.

QUESTION 1
I am in need of a new car. Currently I am spending around 250 a month on gas, but have no car payment. I was thinking about a used 2020 Prius for the gas savings(will save ~140 on gas). I can get it for 500 a month financed at roughly 7% apr. The question is this, should I sell some stock to pay for it all or should I finance? I would not like to sell in this market and prefer to add to my positions in this downturn, but at 7% apr I would prefer to buy it upfront. Edit: I have to repair current car for 7k

QUESTION 2
Question for everyday millionaires out there. Once you hit your 1st million, what was your strategy to scale to your 2nd, 3rd, etc…?

QUESTION 3
I’m ready to start investing in ETFs. Which do you recommend? Also, any preference for Fidelity or Vanguard?

Sponsored by Choice Realty Connect : https://choicerealtyconnect.com/ when you are wanting to buy or sell a home, condo or any type of property. Trust Amanda to help match you with up to 3 top agents in your area.

BESTOW – Fast, Free Quote on affordable online term life insurance. No exam, no waiting, no hassles: https://tinyurl.com/y79pywmw

WEBULL – Get 1 FREE stock valued up to $1,200 here: https://act.webull.com/kol-us/share.html?hl=en&inviteCode=HvpbX35EsVmn

Website: https://rockonthemoney.com/
Subscribe to the podcast – all links located here: https://linktr.ee/rocklandusa
Call us with your questions : 989-888-ROCK (7625)
Facebook Group: https://www.facebook.com/groups/your401k/

Join the discussion

More from this show

Subscribe