Financial advisors are supposed to look after your money, but sometimes, their profits come first. We’ve had many questions about which type of financial advisors to use, which aren’t worth the fee, and whether you even need one in the first place. On this Finance Friday episode, Mindy and Scott are taking questions directly from listeners like you, and one of the top ones finally answers the question: what are these “fees” financial advisors are charging me!?
You’ve got money questions. Scott and Mindy have answers. In this episode, they’ll touch on topics like which type of financial advisor to hire, whether cashing out your 401(k) early is ever worth it, what to do when your bank messed up your interest rate, when (and when not) to use LLCs for real estate investing, and how to start investing in stocks when you’ve only got $1,000!
Got a money question you want to ask Mindy and Scott? Head over to the BiggerPockets Money Facebook group, or click here to submit your question on our next Q&A episode!
In This Episode We Cover
How to start investing in the stock market with $1,000 (or less!)
Rental property LLCs and why you’re probably wrong about “tax write-offs”
Financial advisor fees and the ONLY type of financial advisor we’d recommend
Cashing out your 401(k) early when you need to pay off credit card debt
Return on equity explained and signs it’s time to sell/refinance a property
And So Much More!
Links from the Show
BiggerPockets Money Facebook Group
BiggerPockets Forums
Finance Review Guest Onboarding
Join BiggerPockets for FREE
Scott's Instagram
Mindy on BiggerPockets
Grab Scott’s Book, “Set for Life”
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Podcast Talent Search!
Register for an Upcoming InvestHER Event
Money Moment
Hear Our Last Q&A Episode
The Simple Path to Wealth—Index Funds Explained with JL Collins
The Simple Path to Wealth (Book)
Work with a Fee-ONLY Financial Advisor
Click here to check the full show notes: https://www.biggerpockets.com/blog/money-444
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BiggerPockets Money Podcast