Invest or pay down credit cards? Buy a car or invest toward a house? These are opportunity cost questions, and today, Emily Guy Birken, author of End Financial Stress NOW, joins us to explain how it works. We'll also talk about the problem with "free," sunk costs, and other often neglected strategies to manage money better. In our headlines we'll talk Johnny Depp again, plus talk financial knowledge. How much do we learn about money over our lifetime? The answer will surprise you.

Today we throw out the Haven Life line to Jordan, who has an important tax question many of you may share. Taylor sends us a letter about opportunity cost. Should he pay down debt or invest? We also share Doug's trivia, and more.

Thanks to SoFi and MagnifyMoney.com for helping us with today's show!

Learn more about your ad choices. Visit podcastchoices.com/adchoices

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Stop Making Bad Money Moves (with Emily Guy Birken)