This seems like an easy decision, doesn’t it? Skimp on the party and invest money in your dream residence. Yet, don’t we always say to invest in experiences because they appreciate in your mind (becoming more epic as the years pass), instead of things that clutter our lives? Co-hosts of the new Netflix reality show Marriage or Mortgage, wedding planner Sarah Miller and real estate pro Nichole Holmes, join us for a fun discussion on a dilemma many newlyweds face: how much cash do you spend on making your dream wedding a reality, and at what cost to your future home?
We know, this is a financial podcast, and financial nerds are definitely biased on this one, but Sarah raises some pretty good points, and you just might surprise yourself when you’re nodding along. We’re not saying you should go for broke on a huge wedding (though if you do, please invite us), but Sarah’s reasoning isn’t exactly in contrast with our own money philosophy.
Making “Fun Money” on trading apps? Watch out for the tax bill.
In our headlines segment, we’ll relive the horror story one Robinhood trader experienced when he found he had an $800,000 tax bill. Worse news? He could have avoided it fairly easily if he knew one rule that we’ll share on today’s show.
Tiktok of the Week: Amazon beats Walmart because of… adult toys?
In our TikTok minute you’ll find that it isn’t just young, aggressive traders (or at least TikTok talkers) who are making bizarre statements about financial success. So are television anchors.
Want early retirement? Try buying a school bus!
How great is this? One man in his twenties decided to cut out 40 years of saving and instead retire right now. We’ll share his story and what it means for you.
BUT that’s not all. Of course, we’ll throw out the Haven Life line to a lucky listener AND we’ll dovetail in some of Doug’s amazing trivia.
FULL SHOW NOTES: https://www.stackingbenjamins.com/marriage-or-mortgage-1020/
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