206 Do You Know The Problems With Frugality? - Get Out of Debt, Save More Money, and Retire Early | Scott Alan Turner

206 Do You Know The Problems With Frugality?

By Scott Alan Turner

Feb 17

Topics and your questions answered on the show

  • Scott discusses why frugality is not always the best option for your finances.
  • Jen (New Jersey) has a 401(k) with high fees and asks if it’s better to invest in a taxable account instead.
  • Brandon just graduated from college, is unemployed, and asks if it is wise to start investing.
  • Alexis was recently laid off, has no savings, and wonders if she should consolidate her credit card bills into a single monthly payment.
  • Shajee is 17 years old and wants to start investing and asks how he can get started if he is underage.
  • Chris has a pension from an old employer and is deciding on an early distribution or rolling it over to an IRA.
  • Update on what’s going on with Scott’s car after it got rear ended.
  • Gillette welcome back program gives out free razors.
  • Susan (Denton, TX) and her husband paid off 5 credit cards.
  • Quote of the day brought to you by Bob Ross.

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Links mentioned in the show

 

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