Should you dip into your 401(k) to cover an emergency? Or to pay down debt? Jared explains why this is a terrible idea—barring a life or death medical emergency. Listen now to find out what you should do instead.
The government is doing several things to deal with the current situation and its impact on the economy. Some good, some bad. Also, if given the choice, Jared would prefer $5k a week to $25k a year… Jared reviews the math.
Saving money is hard. How you save and when you save have a large impact on your standard of living. It’s a lot easier to save when your standard of living is lower. Don’t wait to save until you’re asking yourself to make huge changes in your life. Start with the big things and go from there.
Burgers, donuts, and bailout controversy. Changes in the markets are bringing up some of the bad behavior from the 2008 crash. There are no bailouts in capitalism. And all of this in an election year.
We’ve never seen anything like this before. This is a gigantic Black Swan. Hopefully, your risk mitigation is done, and you have some cash on hand. It sounds like a lot, but it’s where we are.