September Mailbag: Prioritizing Money Goals, Real Estate Investing & the Mamas Talk Money Summit
Smart Money Mamas Show - A podcast by Chelsea Brennan
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#071: For this episode, we asked the mamas in our free Mamas Talk Money Community on Facebook to send us their questions. If one person in our community has a question, there are no doubt others wondering the same thing. Today we’re going to discuss prioritizing money goals, real estate investing, the Mamas Talk Money Summit, and more! (2:16) How do you balance and decide on money goals when it comes to prioritizing short-term vs long-term? (8:26) My husband and I have technically hit our “coast FI” number and I’m weighing our options between leaving the money in our 401K & IRA to just coast until we retire without putting additional money in them. Or we could take that contribution amount we would put in monthly and add it to our other investment account to potentially pad us if we want to retire before 65. Mistake or no? (16:01) What do I do after I finish paying off debt except for my mortgage? I’m on track to be debt-free the first part of next year and I’m unsure what to do from there. (25:19) I’ve been wanting to ask about REITS! We live in a very high cost of a living area (Metro DC) and owning real estate is going to be VERY long term for us, so I wondered if this would be a way to diversify? (30:13) I’ve sold two homes in the last year and made a bit of money. I’m wondering what are some other options besides just sitting on my savings account to earn some money on my money. (34:22) There is so much content at the Summit and I’m trying to figure out how to make the best of it. Any advice? Looking for more information, mama? Visit the show notes at https://smartmoneymamas.com/71 Family Money Values Template: https://smartmoneymamas.com/family-money-values-template/