Where to Put Cash, Saving Money on Gas, Latest Deals and More Listener Q&A

#65: Host Chris Hutchins tackles questions about the current market, where to put cash, investing strategies, backdoor Roth IRAs, net worth tracking, financial planning and saving money on gas. Chris also shares some listener tips to save money and the top deals he’s seen lately.

Partner Deals

For all the deals, discounts and promo codes from our partners, go to our Partner Deals

Resources Mentioned

Investing

• Chris's Newsletter: All About Investing Part 1 
• Wealthfront: $5,000 managed free
• Series I Savings Bonds
• BlockFi (CEO Zac Prince: @BlockFiZac)
• CME FedWatch Tool
• Dollar-cost averaging just means taking risk later
• Wash-Sale Rule Definition
• Just How Valuable Is Tax-Loss Harvesting?
• Backdoor Roth IRA Definition
• Mega Backdoor Roth 401(k) Conversion Explained

Financial Planning

• XY Planning Network
• Wealth Foundry: George Galat V, CFP

Tracking Your Finances

• Wealthfront: Net Worth Tracker + Free Financial Planning
• Mint: Budgeting App
• Kubera: Net Worth Tracker
• AssetDash: Track Crypto and NFTs
• Tiller: Import account data into spreadsheets

Saving Money on Gas

• Citi Premier® Card
• GasBuddy: Cheapest Gas Station Finder App

Listener Money Tips and Tricks

• Lowes Coupons Codes
• Cashback Monitor: Compare Cash Back Deals Across 100+ Sites
• Retailmenot: Earn Cash Back
• Lowes E-Gift Cards on Amazon

Latest Deals

• Free Grubhub+ with Amazon Prime
• Free Uber One with Disney+
• Free Cultivist membership for Capital One Cardholders (access 100+ museums)

Podcasts Mentioned

• ATH
  • #43 - Why 50/50 Doesn't Work: A New Model for Happier Relationships with Kaley and Nate Klemp
  • #59 - Save Money, Build Wealth, and Just Keep Buying with Nick Maggiulli
  • #64 - Inflation and All Things Money with Jacob Goldstein
  • #42 - Beating Inflation, Alternative Assets, and Simplifying Your Finances with Ben Carlson
  • #55 - Maximize Your Points: Stacking, Buyers Clubs, Redemption Tricks, and More with Julia Menez
• On the Brink
  • #329 - Zac Prince (BlockFi) on Navigating Through the Storm
• Animal Spirits
• Macro Voices

Full Show Notes

Current Markets and what to do with the money needed within the next three to five years [02:32]

US Government Series I Savings Bonds [03:27]

Crypto High-Yield Savings Accounts [04:19]

High Yield Savings Account [05:55]

Investing: What to do with a windfall in this market and the best way to start dollar-cost averaging [06:47]

Tax Loss Harvesting [10:15]

Direct Indexing [12:18]

Backdoor Roth IRA: contributing even if your household exceeds limits for both Roth and traditional IRAs [17:45]

Mega Backdoor Roth 401(k): after-taxes contributions to your 401k [19:31]

Podcasts for sophisticated investors who want to continue learning [22:08]

Financial Planning: comprehensive financial plans [25:27]

Tracking your finances across all of your accounts [30:11]

Saving money on gas: considerations for taking the cash discount, the best cards and apps to use, fuel reward programs, and electric vehicles [33:19]

Listener money-saving tricks: stacking deals and transferring the available balance of Visa or Amex gift cards to your Amazon gift card balance [36:53]

Free premium subscriptions, statuses, and perks that are available to members of certain cards or services [40:08]

Chris shares how listener, Stephanie, used the hotel tip shared in episodes #1 and #55 to score big on a recent trip [41:03]

Nominate ATH for The People’s Choice Podcast Award [41:38]

Connect with Chris

Newsletter | Membership | Twitter | Instagram | LinkedIn

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