Ask HTM - Mag-7-Nondiversification-Risk, Cutting Up 13 Credit Cards, & Best Tax Refund Opportunities #1117

14 snips

Mar 23, 2026

They tackle concerns about heavy US market concentration and whether to add international exposure. A debate on whether doing brewery grunt work for beer is frugal or cheap. Practical credit card decisions about closing accounts after paying them down. Tips for affordable home internet and cell plans. A quick take on the best uses for a $2,000 tax refund.

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ANECDOTE

$15 Seatbelt Ticket That Sparked Reflection

Joel shares a $15 seatbelt ticket incident with kids in the car to illustrate small financial lessons and humility.
The hosts use the story to discuss insurance/CLUE impact and the habit of doing the right thing.

ANECDOTE

Free Kirkland Underwear Surprise Test

Matt theatrically offers Joel gently used Costco Kirkland boxer briefs as a surprise frugality test, and Joel accepts after confirming they're washed.
The bit illustrates playful host chemistry and how personal frugality choices vary by comfort level.

INSIGHT

Why S&P Concentration Isn't An Immediate Panic

The S&P's Mag-7 concentration feels scary but large-cap weighting reflects market judgment that big companies are intrinsically less risky.
Matt and Joel recommend sticking with total market/S&P funds or gradually add international exposure instead of equal-weighted S&P swaps.

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We’re kicking off the week by answering your listener questions! And if you have a question that you’d like for us to answer on the show, we’d love for you to submit your own via HowToMoney.com/ask , send us your voice memo. Regardless of how random or bizarre you might think it is, we want to hear it!

1 - International investing: Should I look outside of the US if I’m concerned about “Mag-7-nondiversification” in the S&P?

2 - Grunt work: Is it frugal or cheap to work for beer at my local craft brewery? PLUS a healthcare question…

3 - 13 credit cards: As we eliminate our credit card debt should I close my cards or keep them around?

4 - Cell service: Where to go for the most affordable home internet and cell service?

5 - Tax refund: What’s the best use of a $2,000 refund that I’m expecting to receive?

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