September Mailbag: Prioritizing Money Goals, Real Estate Investing, & the Mamas Talk Money Summit

119 Shares

September 28, 2020
by Chelsea

Why You've Got to Listen to This Episode...

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!

Moments You Don't Want to Miss

[2:16] How do you balance and decide on money goals when it comes to prioritizing short-term vs long-term?
[08:26] 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 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 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?

Links & Resources Mentioned

What Are Your Family Money Values?

Grab our free Family Money Values Template and create a strong foundation for your family’s healthy money habits!

Other Ways to Enjoy This Podcast

Have You Subscribed Yet, Mama?

Are you subscribed to the Smart Money Mamas podcast? If you’re not, I want to encourage you to head over to Apple Podcasts (or wherever you listen to your podcasts) and subscribe! I release episodes twice and week and as a subscriber, you’ll be notified right away so you can take checking the feed for new content off your mental to-do list.

Click here to subscribe on Apple Podcasts, Google Podcasts, or Spotify!